VNO Crosses Above Average Analyst Target
April 30, 2021 at 08:50 AM EDT
In recent trading, shares of Vornado Realty Trust (VNO) have crossed above the average analyst 12-month target price of $46.25, changing hands for $46.28/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..