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PennyMac Financial price target lowered to $82 from $83 at Piper Sandler
The Fly

PennyMac Financial price target lowered to $82 from $83 at Piper Sandler

Piper Sandler analyst Kevin Barker lowered the firm’s price target on PennyMac Financial to $82 from $83 and keeps an Overweight rating on the shares following the Q1 report. The analyst has increased confidence that Q4 marked the bottom for the mortgage market within this economic cycle.

Published first on TheFly

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