BTIG downgraded AGNC Investment (AGNC) to Neutral from Buy without a price target The firm remains “constructive” on the opportunity in agency mortgage real estate investment trusts, citing support for dividends if interest rate volatility remains this low. BTIG now sees “a little more upside” in Annaly Capital versus AGNC if spreads “grind tighter.” BTIG upgraded Annaly Capital and downgraded AGNC.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AGNC:
- The Week That Was, The Week Ahead: Macro & Markets, Dec. 28
- AGNC Investment Corp. put volume heavy and directionally bearish
- AGNC Investment price target raised to $11 from $10.50 at Piper Sandler
- AGNC Investment price target raised to $11 from $10.50 at Keefe Bruyette
- AGNC Investment Corp. call volume above normal and directionally bullish