PFSI Crosses Above Average Analyst Target
February 06, 2017 at 09:03 AM EST
In recent trading, shares of Pennymac Financial Services Inc (PFSI) have crossed above the average analyst 12-month target price of $18.75, changing hands for $18.80/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..