Enerplus Reaches Analyst Target Price
April 04, 2024 at 06:31 AM EDT
In recent trading, shares of Enerplus Corp (ERF) have crossed above the average analyst 12-month target price of $19.85, changing hands for $20.16/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..