Keefe, Bruyette & Woods Downgrades PennyMac Mortgage IT to Market Perform, Lowers Price Target to $12

Benzinga Newsdesk www.benzinga.com Negative 88.1%

Neg 88.1% Neu 0% Pos 0%

Keefe, Bruyette & Woods analyst Bose George downgrades PennyMac Mortgage IT (NYSE:PMT) from Outperform to Market Perform and lowers the price target from $13.5 to $12.