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Fly News Breaks for December 2, 2019
PMT
Dec 2, 2019 | 08:18 EDT
Compass Point analyst Jason Weaver initiated coverage of PennyMac Mortgage with a Neutral rating and $22.50 price target. While the company has an avenue to grow its portfolio by creating its own investments and he is optimistic on the trajectory for the business, Weaver sees valuation as a limiting factor in the near-term, he said.
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