PNM Crosses Above Average Analyst Target
November 15, 2019 at 09:32 AM EST
In recent trading, shares of PNM Resources Inc (PNM) have crossed above the average analyst 12-month target price of $48.57, changing hands for $48.90/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..