PHM Crosses Above Average Analyst Target
February 13, 2019 at 07:59 AM EST
In recent trading, shares of PulteGroup Inc (PHM) have crossed above the average analyst 12-month target price of $27.08, changing hands for $27.31/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..