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

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Western Asset Mortgage Capital Corporation And My Bearish Interest Rate Assessment (Seeking Alpha)

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 2015Deutsche BankMaintainsHold
May 2015Keefe Bruyette & WoodsMaintainsMarket Perform
Mar 2015Deutsche BankMaintainsHold

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

 

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