December 11th, 2017

CARE Crosses Above Average Analyst Target

In recent trading, shares of Carter Bank & Trust (CARE) have crossed above the average analyst 12-month target price of $8.67, changing hands for $9.97/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..
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