MFA Financial price target raised to $14 from $13 at JMP Securities

JMP Securities analyst Steven DeLaney raised the firm’s price target on MFA Financial to $14 from $13 and keeps an Outperform rating on the shares ahead of the quarterly earnings report. The second quarter was characterized by continued interest rate and agency MBS spread volatility, and the firm expects relatively small book value changes for most companies in the residential mortgage REIT space, the analyst tells investors in a research note.