Dynex Capital price target raised to $14 from $13 at JonesResearch

JonesResearch analyst Jason Weaver raised the firm’s price target on Dynex Capital to $14 from $13 and keeps a Buy rating on the shares. The company’s Q4 results saw total economic return of 11.8% due to spread tightening and hedge gains, the analyst tells investors in a research note. The stock continues to trade at a discount to book and is relatively cheap in comparison to agency peers, though it should trade closer to peers as capital is deployed at historically wide spreads, the firm added.