Pennymac Mortgage Investment Trust Reaches Analyst Target Price
November 05, 2018 at 08:17 AM EST
In recent trading, shares of Pennymac Mortgage Investment Trust (PMT) have crossed above the average analyst 12-month target price of $19.36, changing hands for $20.43/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..