PennyMac Financial price target raised to $139 from $136 at Barclays

Barclays raised the firm’s price target on PennyMac Financial (PFSI) to $139 from $136 and keeps an Overweight rating on the shares post the Q3 report. The company reported “strong results all around,” with production and servicing segments both beating, while hedge costs were contained, the analyst tells investors in a research note. The firm upped estimates post the print.