Ellington Financial Reaches Analyst Target Price
April 08, 2021 at 08:49 AM EDT
In recent trading, shares of Ellington Financial Inc (EFC) have crossed above the average analyst 12-month target price of $17.33, changing hands for $17.56/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..