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Credit Suisse Expects Outperformance From PennyMac Mortgage Investment Trust

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In a report published Monday, Credit Suisse analyst Douglas Harter reiterated an Outperform rating and $24.00 price target on PennyMac Mortgage Investment Trust (NYSE: PMT).

In the report, Credit Suisse noted, “PMT will continue to deploy capital attractively into servicing related assets and earnings will increase to cover the dividend from the low of the first quarter. The combination of these positives coupled with an attractive valuation will allow PMT to outperform from a total return perspective.”

PennyMac Mortgage Investment Trust closed on Friday at $21.49.

Latest Ratings for PMT

DateFirmActionFromTo
Mar 2019Initiates Coverage OnBuy
Feb 2019UpgradesMarket PerformOutperform
Nov 2018MaintainsMarket OutperformMarket Outperform

View More Analyst Ratings for PMT
View the Latest Analyst Ratings

Posted-In: Credit Suisse Douglas HarterAnalyst Color Reiteration Analyst Ratings

 

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