Two Harbors price target raised to $17 from $15 at Citi

Citi analyst Arren Cyganovich raised the firm’s price target on Two Harbors to $17 from $15 and keeps a Neutral rating on the shares. The company benefited from spread tightening in Q4 and remains optimistic about the outlook for 2023, the analyst tells investors in a research note. However, Citi wants to see more stability before recommending the shares.