UBS analyst Doug Harter upgraded MFA Financial (MFA) to Buy from Neutral with a $10.50 price target UBS expects improving earnings from both lower short-term rates and the removal of the non-economic drag from realized losses to serve as a catalyst for the discount to book value to narrow, the analyst tells investors in a research note. The firm also remains confident in the credit quality outlook for MFA.
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 MFA: