Pointer Telocation Reaches Analyst Target Price
January 01, 2018 at 11:52 AM EST
In recent trading, shares of Pointer Telocation Ltd (PNTR) have crossed above the average analyst 12-month target price of $18.40, changing hands for $18.60/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..