Wells Fargo analyst Michael Kaye lowered the firm’s price target on PennyMac Financial (PFSI) to $120 from $125 and keeps an Overweight rating on the shares. The firm notes the company reported a good solid quarter, including the unchanged 2025 ROE guidance as well as the early progress on the sub-servicing initiative. Wells is tweaking EPS and lowering its price target on the challenging mortgage climate.
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