Deutsche Bank Initiates Coverage On PennyMac Mortgage with Hold Rating, Announces Price Target of $15
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Mark Devries has initiated coverage on PennyMac Mortgage (NYSE:PMT) with a Hold rating and set a price target of $15.

January 10, 2024 | 12:17 pm
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Deutsche Bank initiated coverage on PennyMac Mortgage with a Hold rating and a price target of $15.
The initiation of coverage by Deutsche Bank with a Hold rating and a specific price target provides investors with a new professional analysis to consider. However, a Hold rating generally suggests that the stock is expected to perform in line with the market or sector, implying a neutral short-term impact on the stock price.
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IMPORTANCE 75
RELEVANCE 100