Wells Fargo analyst Donald Fandetti lowered the firm’s price target on AGNC Investment (AGNC) to $10 from $11 on a less certain interest rate backdrop, while keeping an Overweight rating on the shares following quarterly results. The firm sees an attractive risk/reward for AGNC shares, including a dividend yield of 17%. While Wells waits for agency MBS spread volatility to settle down, new investment returns are quite attractive.
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- AGNC Investment price target lowered to $10 from $11 at Wells Fargo
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