Wedbush Reiterates Neutral on PennyMac Mortgage IT, Maintains $15 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Jay McCanless has reiterated a Neutral rating on PennyMac Mortgage IT (NYSE:PMT) and maintained a price target of $15.
October 24, 2024 | 2:12 pm
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Wedbush analyst Jay McCanless has reiterated a Neutral rating on PennyMac Mortgage IT and maintained a $15 price target, indicating no expected significant short-term price movement.
The reiteration of a Neutral rating and maintenance of the $15 price target by Wedbush suggests that the analyst does not foresee significant changes in the stock's performance in the short term. This indicates stability rather than a bullish or bearish outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100