INDB Crosses Above Average Analyst Target
February 02, 2021 at 09:26 AM EST
In recent trading, shares of Independent Bank Corp (INDB) have crossed above the average analyst 12-month target price of $75.88, changing hands for $76.69/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..