PEI Crosses Above Average Analyst Target
January 03, 2018 at 09:21 AM EST
In recent trading, shares of Pennsylvania Real Estate Investment Trust (PEI) have crossed above the average analyst 12-month target price of $12.20, changing hands for $12.47/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..