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AGNC Investment price target lowered to $10 from $11 at Wells Fargo

Wells Fargo lowered the firm’s price target on AGNC Investment (AGNC) to $10 from $11 and keeps an Overweight rating on the shares after the company reported Q1 core EPS of 44c, which was higher than the firm’s 35c estimate and consensus at 41c. Following the report, the firm is raising its 2025, 2026 and 2027 EPS estimates on higher run-rate earnings, but trimming its target on a less certain interest rate backdrop.

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