PennyMac Mortgage Investment Trust (PMT) is upgraded to Buy with $27 price target at KBW...

|About: PennyMac Mortgage Invest... (PMT)|By:, SA News Editor

PennyMac Mortgage Investment Trust (PMT) is upgraded to Buy with $27 price target at KBW following the company's Q1 earnings report. Notable from the report is management's plan to get into the again-profitable private-label mortgage securitization business.