Piper Sandler lowered the firm’s price target on PennyMac Financial (PFSI) to $121 from $125 and keeps an Overweight rating on the shares. The firm notes PennyMac posted an operating miss driven by lower gain on sale income, partially offset by higher servicing fees. While the operating miss and ROE was disappointing, Piper remains positive long-term given the balanced model and the company’s ability to outperform and take advantage of episodic rate moves.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PFSI:
- PennyMac Financial: Resilience and Growth Potential Amidst Volatile Mortgage Rates
- PennyMac Financial Reports Strong Q2 2025 Results
- PennyMac Financial reports Q2 EPS $2.54, consensus $3.07
- PennyMac Financial price target raised to $121 from $114 at Keefe Bruyette
- PennyMac Financial price target lowered to $119 from $124 at Barclays