Barclays Maintains Overweight on PennyMac Financial Servs, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Mark Devries maintains an Overweight rating on PennyMac Financial Services (NYSE:PFSI) and raises the price target from $112 to $125.
October 08, 2024 | 5:35 pm
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Barclays has increased its price target for PennyMac Financial Services from $112 to $125, maintaining an Overweight rating. This suggests confidence in PFSI's future performance.
The increase in price target from $112 to $125 by Barclays, along with maintaining an Overweight rating, indicates a positive outlook for PennyMac Financial Services. This is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100