EE Crosses Above Average Analyst Target
September 26, 2017 at 08:32 AM EDT
In recent trading, shares of El Paso Electric Company (EE) have crossed above the average analyst 12-month target price of $55.00, changing hands for $55.30/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..