ETM Crosses Above Average Analyst Target
November 19, 2020 at 07:56 AM EST
In recent trading, shares of Entercom Communications Corp (ETM) have crossed above the average analyst 12-month target price of $2.50, changing hands for $2.54/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..