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Fly News Breaks for January 13, 2016
PFSI
Jan 13, 2016 | 06:41 EDT
Goldman analyst Eric Beardsley downgraded PennyMac Financial to Neutral given limited liquidity, potentially slower growth from the FHA, and pressure on the gain-on-sale model as refinancing volumes slow. Beardsley lowered his price target on PennyMac shares to $19 from $21.
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