Annaly Capital price target lowered to $20 from $22 at JPMorgan

JPMorgan analyst Richard Shane lowered the firm’s price target on Annaly Capital to $20 from $22 and keeps an Overweight rating on the shares post the Q4 report. The new target implies a 23.4% annualized total return. The firm sees a bullish outlook with a stable dividend and leverage for Annaly Capital.