CNP Crosses Above Average Analyst Target
July 21, 2016 at 09:34 AM EDT
In recent trading, shares of CenterPoint Energy, Inc (CNP) have crossed above the average analyst 12-month target price of $24.10, changing hands for $24.12/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..