KNF Crosses Above Average Analyst Target
April 12, 2024 at 06:15 AM EDT
In recent trading, shares of Knife River Corp (KNF) have crossed above the average analyst 12-month target price of $81.80, changing hands for $82.05/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..