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Fly News Breaks for February 4, 2016
PMT
Feb 4, 2016 | 06:32 EDT
Wells Fargo analyst Vivek Agrawal downgraded PennyMac Mortgage to Market Perform following the company's Q4 results citing continued volatility from the distressed loan segment and widening credit spreads. Agrawal lowered his price target range for the shares to $14-$15 from $15.50-$17.50.
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