Analyst Drops Price Targets On 8 Residential REITs In One Day
Right or wrong, investors rely on the opinions of Wall Street analysts a great deal when evaluating which stocks will appreciate the most. An analyst's projection of the future price of a security is called a price target and encompasses a 12- to 18-month outlook. The best analysts are only correct about 50% of the time because it's difficult to predict economic trends so far out into the future, and there are always unexpected positive or negative events in a company that can affect its stock p