Piper Sandler raised the firm’s price target on AGNC Investment (AGNC) to $11.50 from $11 and keeps an Overweight rating on the shares. The firm notes mortgage rates were already softening throughout 2025, but they received a significant jolt last week after President Trump aggressively pivoted toward housing policy. His dual announcements — a potential ban on institutional single-family home purchases and a directive for increased agency MBS buying by the GSEs — are clearly designed to tackle affordability with midterm elections looming. Piper anticipates this momentum will continue with further policy details expected during Trump’s Davos visit next week.
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