Farmers & Merchants Bancorp Reaches Analyst Target Price
June 08, 2023 at 07:53 AM EDT
In recent trading, shares of Farmers & Merchants Bancorp Inc (FMAO) have crossed above the average analyst 12-month target price of $25.00, changing hands for $25.02/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..