Jefferies Downgrades NLY To Hold From Buy

Loading...
Loading...
Jefferies is downgrading shares of Annaly Capital Management
NLY
from Buy to Hold. “We expect investment spreads and Agency MBS prices to decline over the coming 12-months,” Jefferies writes. “While investors are likely to earn the market return in the Agency space via ownership of NLY, we believe more attractive returns can be found in mortgage REITs that have exposure to non-Agency investments.” Annaly Capital Management closed Tuesday at $17.84.
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst Ratingsannaly capital managementFinancialsJefferiesMortgage REIT's
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...