BofA analyst Derek Hewett raised the firm’s price target on AGNC Investment (AGNC) to $11.50 from $10 and keeps a Neutral rating on the shares. The firm cites higher book value estimates for the target increase. The agency mortgage backed securities macro environment was favorable in Q4 as interest rate volatility declined and the yield curve steepened, the analyst tells investors in a research note.
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Read More on AGNC:
- The Week That Was, The Week Ahead: Macro and Markets, Jan. 25
- AGNC Investment Corp. (AGNC) Q4 Earnings Cheat Sheet
- AGNC Investment price target raised to $12 from $10 at JPMorgan
- AGNC Investment downgraded to Hold from Buy at JonesResearch
- AGNC Investment price target raised to $11.50 from $11 at Piper Sandler