Market Overview

UPDATE: Jefferies Raises PT on Annaly Capital Management Following In-Line 2Q13 Report


In a report published Monday, Jefferies analyst Daniel Furtado reiterated a Hold rating on Annaly Capital Management (NYSE: NLY), and raised the price target from $11.00 to $12.00.

In the report, Jefferies noted, “NLY reported in-line 2Q13 core spread income, and in-line book value. Leverage came down in the quarter as the company took some Agency MBS risk off the table. We view NLY incrementally more positive following the 2Q13 results as management's more cautious approach to the Agency asset class, and the early stages of asset diversification begin.”

Annaly Capital Management closed on Friday at $12.12.

Latest Ratings for NLY

Feb 2020UBSMaintainsNeutral
Dec 2019Wells FargoInitiates Coverage OnEqual-Weight
Oct 2019RBC CapitalInitiates Coverage OnOutperform

View More Analyst Ratings for NLY
View the Latest Analyst Ratings


Related Articles (NLY)

View Comments and Join the Discussion!

Posted-In: Daniel Furtado JefferiesAnalyst Color Price Target Analyst Ratings

Latest Ratings

RPDRaymond JamesMaintains53.0
PINGRaymond JamesMaintains21.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at