Barclays analyst Terry Ma maintains $PennyMac Financial Services (PFSI.US)$ with a buy rating, and adjusts the target price from $125 to $124.
According to TipRanks data, the analyst has a success rate of 54.5% and a total average return of 2.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $PennyMac Financial Services (PFSI.US)$'s main analysts recently are as follows:
Looking ahead into 2025, the specialty finance sector is expected to be influenced by several key themes including a stable consumer environment, improving consumer credit trends, particularly for prime categories, persistently high mortgage rates, and a more relaxed regulatory framework. There has been notable outperformance in consumer lender shares since the election, which may have advanced some returns, complicating stock selection. In mortgage finance, the preference remains for balanced business models which were effective in 2024. Unpriced positive catalysts are believed to likely spur additional upside in shares. Meanwhile, air lessors are still seen as undervalued, with a cautious stance towards mortgage credit.
The results of the November election have seemingly revitalized business and consumer confidence, anticipating a more pro-business political landscape, which in turn has elevated expectations for the U.S. economy while reducing prospects for further Federal Reserve easing. This outlook is favorable for stocks connected to consumer credit and spending, but less so for those associated with the mortgage market, which continues to struggle due to high rates and a limited housing supply.
Note:
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