Market Overview

UPDATE: Sterne Agee Upgrades American Capital Agency to Buy Ahead of Earnings

Related AGNC
The Jobs Number Could Signal Trouble For This Group Of ETFs
Jim Cramer's Favorite REIT

Sterne Agee raised its rating on American Capital Agency (NASDAQ: AGNC) from Neutral to Buy and established a $34 price target.

Sterne Agee noted, "We are upgrading the shares of AGNC to short-term Buy ahead of earnings reports and into year end and establishing a $34 price target. In our view, the recent market volatility has given us a good entry price below book value and spreads on new investment - while lower - will take some time to influence the dividend level supported by undistributed taxable income and gains from this quarter."

American Capital Agency closed at $32.59 on Friday.

Latest Ratings for AGNC

DateFirmActionFromTo
Nov 2014JP MorganMaintainsOverweight
Oct 2014Keefe Bruyette & WoodsMaintainsOutperform
Oct 2014JMP SecuritiesReinstatesMarket Perform

View More Analyst Ratings for AGNC
View the Latest Analyst Ratings

Posted-In: Sterne AgeeAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (AGNC)

Around the Web, We're Loving...

Get Benzinga's Newsletters