Bluerock Residential Growth REIT Reaches Analyst Target Price
July 16, 2020 at 08:54 AM EDT
In recent trading, shares of Bluerock Residential Growth REIT Inc (BRG) have crossed above the average analyst 12-month target price of $7.30, changing hands for $7.46/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..