BFST Crosses Above Average Analyst Target

In recent trading, shares of Business First Bancshares Inc (BFST) have crossed above the average analyst 12-month target price of $19.17, changing hands for $19.40/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..