Wells Fargo Maintains Overweight on PennyMac Financial Servs, Raises Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Kaye has maintained an Overweight rating on PennyMac Financial Services (NYSE:PFSI) and raised the price target from $110 to $125.
October 24, 2024 | 2:45 pm
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Wells Fargo has increased its price target for PennyMac Financial Services from $110 to $125, maintaining an Overweight rating. This suggests a positive outlook for the stock.
The increase in the price target from $110 to $125 by a major financial institution like Wells Fargo indicates a strong positive sentiment towards PennyMac Financial Services. The Overweight rating suggests that the stock is expected to outperform the market, which could lead to a short-term increase in stock price as investors react to this news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100