Imperial Oil Reaches Analyst Target Price
December 08, 2016 at 09:21 AM EST
In recent trading, shares of Imperial Oil Ltd (IMO) have crossed above the average analyst 12-month target price of $34.92, changing hands for $34.95/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..