PNM Resources Reaches Analyst Target Price
February 03, 2017 at 08:54 AM EST
In recent trading, shares of PNM Resources Inc (PNM) have crossed above the average analyst 12-month target price of $34.70, changing hands for $34.75/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..