City Office REIT Reaches Analyst Target Price
September 12, 2019 at 08:32 AM EDT
In recent trading, shares of City Office REIT Inc (CIO) have crossed above the average analyst 12-month target price of $13.70, changing hands for $13.85/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..