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

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Wells Fargo Initiates Western Asset Mortgage Capital At Market Perform

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
Oct 2014Wells FargoInitiates Coverage onMarket Perform
Aug 2014CitigroupMaintainsNeutral
Aug 2014Deutsche BankMaintainsHold

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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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