Wedbush Maintains Neutral on PennyMac Mortgage, Raises Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Jay McCanless has maintained a Neutral rating on PennyMac Mortgage (NYSE:PMT) and raised the price target from $13 to $14.

October 30, 2023 | 12:37 pm
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Wedbush analyst has maintained a Neutral rating on PennyMac Mortgage and raised the price target from $13 to $14.
The news is directly about PennyMac Mortgage (PMT). The analyst from Wedbush has maintained a Neutral rating, indicating no significant change in the company's outlook. However, the price target has been raised from $13 to $14, which could suggest a slightly positive outlook. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100