Magnolia Oil & Gas Reaches Analyst Target Price
June 09, 2020 at 10:42 AM EDT
In recent trading, shares of Magnolia Oil & Gas Corp (MGY) have crossed above the average analyst 12-month target price of $7.50, changing hands for $7.55/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..