BofA raised the firm’s price target on AGNC Investment to $8.75 from $7.50 and keeps a Neutral rating on the shares. Given the firm’s updated book value per share estimates, the analyst marks-to-market price targets higher for Agency mREITs as mortgage spreads tighten.
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Read More on AGNC:
- AGNC Investment initiated with an Equal Weight at Barclays
- AGNC Investment Corp. call volume above normal and directionally bullish
- AGNC Investment Corp. Declares Monthly Common Stock Dividend of $0.12 per Common Share for November 2023
- Unusually active option classes on open November 6th
- AGNC Investment reports Q3 EPS (68c), consensus 62c
