BofA analyst Derek Hewett raised the firm’s price target on Annaly Capital to $18.25 from $16 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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NLY:
