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Fly News Breaks for February 28, 2020
PFSI
Feb 28, 2020 | 04:53 EDT
Keefe Bruyette analyst Bose George upgraded PennyMac Financial to Outperform from Market Perform with an unchanged price target of $40. The shares are down roughly 12.5% from a closing high of $38.97 earlier in February, George tells investors in a research note. The analyst cites valuation for the upgrade and believes low interest rates create "upside optionality" for PennyMac.
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