Pattern Energy Group Reaches Analyst Target Price
June 21, 2019 at 09:27 AM EDT
In recent trading, shares of Pattern Energy Group Inc (PEGI) have crossed above the average analyst 12-month target price of $23.56, changing hands for $23.57/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..