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UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Western Asset Mortgage Capital Corp.

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In a report published Monday, Jefferies & Company reiterated its Buy rating on Western Asset Mortgage Capital Corp. (NYSE: WMC), but lowered its price target from $24.00 to $21.00.

Jefferies noted, “Core earnings beat both the Street and JEFe and net interest spread as well as prepayments were the best in the comp group.”

Western Asset Mortgage Capital Corp. closed on Friday at $20.49.

Latest Ratings for wmc

DateFirmActionFromTo
May 2016WunderlichDowngradesHoldSell
Apr 2016Wells FargoDowngradesMarket PerformUnderperform
Mar 2016Deutsche BankMaintainsHold

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