Barclays Initiates Coverage On PennyMac Financial Servs with Overweight Rating, Announces Price Target of $82
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Terence Malone has initiated coverage on PennyMac Financial Services (PFSI) with an Overweight rating and set a price target of $82.
November 15, 2023 | 5:44 pm
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POSITIVE IMPACT
Barclays initiated coverage on PennyMac Financial Services with an Overweight rating and a price target of $82, which may positively influence the stock's performance.
The initiation of coverage by a major financial institution like Barclays with a positive Overweight rating and a high price target typically generates investor interest and confidence in the stock, potentially driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100