Wells Fargo raised the firm’s price target on PennyMac Financial to $86 from $83 and keeps an Overweight rating on the shares following quarterly results. The firm says Q3 reflects the strength of PennyMac’s balanced business model.
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Read More on PFSI:
- PennyMac Financial price target lowered to $85 from $95 at Wedbush
- 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
