PSN Crosses Above Average Analyst Target
December 12, 2019 at 09:28 AM EST
In recent trading, shares of Parsons Corp (PSN) have crossed above the average analyst 12-month target price of $40.33, changing hands for $40.99/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..