Penske Automotive Group Reaches Analyst Target Price
March 09, 2021 at 11:31 AM EST
In recent trading, shares of Penske Automotive Group Inc (PAG) have crossed above the average analyst 12-month target price of $78.43, changing hands for $80.06/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..