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Fly News Breaks for May 24, 2019
PMT
May 24, 2019 | 06:07 EDT
Piper Jaffray analyst Kevin Barker started PennyMac Mortgage with an Overweight rating and $23 price target. PennyMac is a hybrid mortgage real estate investment trust that is "uniquely positioned to generate peer-leading returns" with a focus on agency credit-risk transfers and mortgage servicing rights, Barker tells investors in a research note.
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