JonesResearch analyst Jason Weaver upgraded Ellington Financial (EFC) to Buy from Hold with a $14.25 price target following the company’s Q2 report. The firm cites the likelihood of an upcoming dividend increase, demonstrated hedging acumen among peers to protect book value amid market volatility and an active securitization platform that it sees offering “attractive financing and low risk to equity capital.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EFC: