Concho Resources Reaches Analyst Target Price
January 13, 2021 at 08:05 AM EST
In recent trading, shares of Concho Resources Inc (CXO) have crossed above the average analyst 12-month target price of $66.41, changing hands for $69.19/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..