CATC Crosses Above Average Analyst Target
October 07, 2020 at 08:08 AM EDT
In recent trading, shares of Cambridge Bancorp (CATC) have crossed above the average analyst 12-month target price of $59.33, changing hands for $59.56/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..