JMP Securities Maintains Outperform on PennyMac Mortgage, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Trevor Cranston has maintained an 'Outperform' rating on PennyMac Mortgage (NYSE:PMT) and raised the price target from $12.5 to $15.
July 21, 2023 | 10:34 am
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PennyMac Mortgage's price target has been raised from $12.5 to $15 by JMP Securities, maintaining an 'Outperform' rating.
The raised price target and maintained 'Outperform' rating by JMP Securities indicates a positive outlook for PennyMac Mortgage. This could potentially lead to an increase in the stock's price in the short term.
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