EFC Crosses Above Average Analyst Target
November 25, 2020 at 09:00 AM EST
In recent trading, shares of Ellington Financial Inc (EFC) have crossed above the average analyst 12-month target price of $15.07, changing hands for $15.27/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..