Deutsche Bank Maintains Buy on PennyMac Financial Servs, Lowers Price Target to $112
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Mark Devries maintains a Buy rating on PennyMac Financial Services (PFSI) but lowers the price target from $115 to $112.

April 25, 2024 | 5:14 pm
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Deutsche Bank maintains a Buy rating on PennyMac Financial Services but lowers the price target from $115 to $112.
The adjustment in price target by Deutsche Bank, while maintaining a Buy rating, suggests a slight moderation in optimism about PFSI's stock price potential. However, the continued Buy rating indicates a positive outlook on the company's fundamentals. This could lead to mixed reactions in the short term, as investors weigh the reduced price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100