2023-01-06 05:59:03 PFSI PennyMac Financial
01/06/23 01/0605:59 01/06/2305:59 | PennyMac Financial downgraded to Equal Weight from Overweight at BarclaysBarclays analyst Mark DeVries downgraded PennyMac Financial to Equal Weight from Overweight with a price target of $58, up from $55. The analyst has turned neutral on the U.S. consumer finance sector with a "recession looking likely in 2023" and downgraded 10 stocks. He sees "inexpensive consumer finance stocks getting more inexpensive" and downgraded names stocks levered to credit. Card issuers and instalment lenders could struggle against the economic backdrop and may trade at trough multiples, DeVries tells investors in a research note. The analyst sees more value in air lessors, with AerCap raised to top pick and Air Lease also rated Overweight. DeVries also thinks a transition to a weaker credit environment may put pressure on mortgage insurers. |
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Asos downgraded to Hold from Buy at Deutsche Bank »
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Pets at Home Group downgraded to Hold from Buy at Deutsche Bank »
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Kingfisher downgraded to Hold from Buy at Deutsche Bank »
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Inditex upgraded to Hold from Sell at Deutsche Bank »
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B&M European Value Retail upgraded to Buy from Hold at Deutsche Bank »
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Marks & Spencer upgraded to Buy from Hold at Deutsche Bank »
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Standard Chartered upgraded to Buy from Hold at Investec »
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Standard Chartered
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Amazon.com price target raised to $123 from $119 at Piper Sandler »
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Alphabet price target lowered to $120 from $122 at Piper Sandler »
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Gilead price target raised to $112 from $111 at Piper Sandler »
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Conmed price target raised to $118 from $108 at Piper Sandler »
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Initiation
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Privia Health initiated with a Buy at Goldman Sachs »
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Agios Pharmaceuticals initiated with an Overweight at Piper Sandler »
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General news
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China economy bounces back thanks to services. »
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Conference/Events
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Piper Sandler economist to hold an analyst/industry conference call »
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Chief Economist Lazar and… Chief Economist Lazar and Head of Global Policy Perli discuss payrolls and their implications on an Analyst/Industry conference call to be held on February 3 at 8:45 am. Webcast Link |
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Cowen medical devices analyst to hold analyst/industry conference call »
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Medical Devices Analyst… Medical Devices Analyst Jennings, along with Dr. Shephal Doshi, Director of Cardiac Electrophysiology at Pacific Heart Institute, discuss the market dynamics of the U.S. Left Atrial Appendage Closure (LAAC) Duopoly on an Analyst/Industry conference call to be held on February 7 at 12:30 pm. Webcast Link |
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Avalo Therapeutics 3.77M share Spot Secondary priced at $3.98 »
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SVB Securities and RBC… SVB Securities and RBC Capital are acting as joint book running managers for the offering. ShowHide Related Items >><<
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Conmed price target raised to $118 from $108 at Piper Sandler »
21:55 02/02/23 02/0221:55 02/02/2321:55
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Roivant Sciences 26.67M share Secondary priced at $7.50 »
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Syndicate
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Edible Garden 1.62M share Spot Secondary priced at $6.30 »
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Dutch Bros CEO sells $6.0M in common stock »
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In a regulatory filing,… In a regulatory filing, Dutch Bros disclosed that its CEO Jonathan Ricci sold 160K shares of common stock on February 1 in a total transaction size of $6.0M. ShowHide Related Items >><<
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Earnings
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Notable companies reporting before tomorrow's open »
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Nordstrom ends afterhours session up 31% after WSJ report on Ryan Cohen stake
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Cathie Wood's ARK Investment bought 56.1K shares of Velo3D today
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