XEC Crosses Above Average Analyst Target
September 28, 2021 at 09:01 AM EDT
In recent trading, shares of Cimarex Energy Co (XEC) have crossed above the average analyst 12-month target price of $82.81, changing hands for $88.25/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..