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
See Insiders’ Hot Stocks on TipRanks >>
Read More on PFSI: