RBC Capital raised the firm’s price target on AGNC Investment to $11 from $9 and keeps an Outperform rating on the shares. The analyst is updating the firm’s estimates to reflect mortgage spread tightening and interest rate declines seen during Q4.
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Read More on AGNC:
- AGNC Investment Corp. call volume above normal and directionally bullish
- AGNC Investment Corp. put volume heavy and directionally bearish
- AGNC Investment Corp. Declares Fourth Quarter Dividends on Preferred Stock
- AGNC Investment Corp. Declares Monthly Common Stock Dividend of $0.12 per Common Share for December 2023
- AGNC Investment assumed with a Neutral at UBS
