CVE Crosses Above Average Analyst Target
February 25, 2021 at 08:13 AM EST
In recent trading, shares of Cenovus Energy Inc (CVE) have crossed above the average analyst 12-month target price of $7.45, changing hands for $7.61/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..