Wedbush analyst Henry Coffey lowered the firm’s price target on PennyMac Financial to $85 from $95 and keeps an Outperform rating on the shares. The firm expects the company to continue to increase market share in the correspondent and broker channels, and grow its ROE higher over time with support from solid servicing profitability.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PFSI:
- PennyMac Financial price target raised to $93 from $90 at Piper Sandler
- PennyMac Financial reports Q3 EPS $1.77, consensus $1.69
- PennyMac Financial CEO Spector sells 15,000 common shares
- PennyMac Financial upgraded to Outperform from Market Perform at Keefe Bruyette
- PennyMac Financial CEO sells $1.04M in common stock
