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MFA Financial upgraded to Buy from Neutral at UBS

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.

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