PBA Crosses Above Average Analyst Target
July 12, 2021 at 11:16 AM EDT
In recent trading, shares of Pembina Pipeline Corp (PBA) have crossed above the average analyst 12-month target price of $31.70, changing hands for $32.07/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..