ESRT Crosses Above Average Analyst Target
March 02, 2021 at 08:38 AM EST
In recent trading, shares of Empire State Realty Trust Inc (ESRT) have crossed above the average analyst 12-month target price of $11.24, changing hands for $11.38/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..