Deutsche Bank Initiates Coverage On PennyMac Financial Servs with Buy Rating, Announces Price Target of $115
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Mark Devries has initiated coverage on PennyMac Financial Services (PFSI) with a Buy rating and set a price target of $115.
January 10, 2024 | 12:18 pm
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Deutsche Bank has initiated coverage on PennyMac Financial Services with a Buy rating and a price target of $115.
The initiation of coverage by a major bank like Deutsche Bank with a Buy rating typically generates positive sentiment among investors. The price target of $115 suggests a significant upside potential from the current trading price, which could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100