• Realty Income Crosses Above Average Analyst Target

    Source: Forbes - Markets / 27 Sep 2016 09:39:34   Eastern Standard Time

    In recent trading, shares of Realty Income Corp (NYSE: O) have crossed above the average analyst 12-month target price of $68.18, changing hands for $68.68/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. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised. http://www.forbes.com/sites/dividendchannel/2016/09/27/realty-income-crosses-above-average-analyst-target/