PennyMac Financial price target raised to $95 from $80 at Wedbush

Wedbush analyst Henry Coffey raised the firm’s price target on PennyMac Financial to $95 from $80 and keeps an Outperform rating on the shares. PennyMac’s operating EPS beat the firm’s estimate and was in-line with consensus, and Wedbush believes the company will continue to take market share in the correspondent and broker direct channels, and grow its ROE over time, the analyst tells investors in a research note.