JonesResearch analyst Jason Stewart lowered the firm’s price target on Annaly Capital to $21 from $22.50 and keeps a Buy rating on the shares after the company reported quarterly results. The firm believes Annaly will add accretive investments by taking advantage of wide spreads and the large supply of MSR currently available.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on NLY:
- Annaly Capital price target lowered to $21 from $23 at Wells Fargo
- Annaly Capital reports Q1 EAD 81c, consensus 76c
- Annaly Capital price target lowered to $22 from $23 at JPMorgan
- Annaly Capital price target lowered to $20 from $22 at Piper Sandler
- Annaly Capital put volume heavy and directionally bearish