Benzinga | Nov 9, 2021 12:07PM EST

Keefe, Bruyette & Woods Downgrades PennyMac Mortgage to Market Perform, Lowers Price Target to $19.75

Keefe, Bruyette & Woods analyst Bose George downgrades PennyMac Mortgage (NYSE:PMT) from Outperform to Market Perform and lowers the price target from $21 to $19.75.