Empire State Realty Trust Reaches Analyst Target Price
November 25, 2020 at 09:01 AM EST
In recent trading, shares of Empire State Realty Trust Inc (ESRT) have crossed above the average analyst 12-month target price of $9.54, changing hands for $9.86/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..