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.
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Read More on PFSI:
- PennyMac Financial reports Q2 EPS $1.11, consensus $1.49
- Is PFSI a Buy, Before Earnings?
- PennyMac Financial price target raised to $85 from $65 at BTIG
- PennyMac Financial initiated with a Buy at Jefferies
- PennyMac Financial CEO Spector sells 15,000 common shares
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