Maxim analyst Michael Diana raised the firm’s price target on AGNC Investment to $12 from $9 and keeps a Buy rating on the shares after its better than expected Q4 results. The company’s tangible book value has gone up 8.4% at quarter-end and another 10% since then, the analyst tells investors in a research note, adding that AGNC’s management is also optimistic about the 2023 prospects for Agency RMBS.
Published first on TheFly
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Read More on AGNC:
- AGNC (NASDAQ:AGNC) Posts Mixed Q4 Results
- AGNC Investment Corp. Announces Fourth Quarter 2022 Financial Results
- AGNC Investment reports Q4 EPS $1.17, consensus 65c
- AGNC Investment Corp. options imply 3.5% move in share price post-earnings
- AGNC Investment Corp. Declares Monthly Common Stock Dividend of $0.12 per Common Share for January 2023
