BrightSpire Capital price target raised to $8 from $6 at Barclays

Barclays raised the firm’s price target on BrightSpire Capital to $8 from $6 and keeps an Equal Weight rating on the shares. Dividend yields for AGNC and Brightspire Capital continue to look attractive and well-covered from a core earnings standpoint, but valuations are closer to normalized and the risk/reward looks balanced entering 2024, the analyst tells investors in a research note.