UPDATE: Jefferies Raises PT on PennyMac Investment Trust Following Strong 2Q Beat

In a report published Friday, Jefferies analyst Daniel Furtado reiterated a Buy rating on PennyMac Mortgage Investment Trust (NYSE: PMT ), and raised the price target from $23.00 to $24.00. In the report, Jefferies noted, “PMT reported a 2Q beat largely on the back of strong correspondent volumes and healthy