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.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PFSI: