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Fly News Breaks for April 4, 2018
PFSI
Apr 4, 2018 | 06:22 EDT
Wells Fargo analyst Michael Kaye resumed coverage of PennyMac Financial with an Outperform rating and $28 price target. While the mortgage market could be challenging over the near term given rising rates, PennyMac's "strong" management team and franchise should enable the company to navigate a tough market, Kaye tells investors in a research note.
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