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Fly News Breaks for October 24, 2017
PFSI, NRZ
Oct 24, 2017 | 05:41 EDT
Barclays analyst Mark DeVries raised his price target for New Residential Investment Corp. (NRZ) to $19 saying he remains positive on the company and PennyMac Financial Services (PFSI) into the Q3 earnings reports. New Residential continues to show stability of its book value and earnings power, while PennyMac Financial should continue to benefit as a purchase-centric originator, DeVries tells investors in a pre-earnings research note. He keeps Overweight ratings on both names.
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