PennyMac Financial price target raised to $150 from $135 at Wells Fargo

Wells Fargo analyst Donald Fandetti raised the firm’s price target on PennyMac Financial (PFSI) to $150 from $135 and keeps an Overweight rating on the shares. Discussing the consumer finance sector ahead of earnings, the firm says it likes the setup into Q4 results with meets and beats, solid 2026 guidance, plus eyes on larger tax refunds in the first half of the year. For 2026, Wells expects guidance to show year-over-year declines in card/auto NCO’s. The firm is still not seeing incremental low-end credit pressure.