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Two Harbors price target lowered to $11 from $13.25 at Keefe Bruyette

Keefe Bruyette lowered the firm’s price target on Two Harbors (TWO) to $11 from $13.25 and keeps a Market Perform rating on the shares. Two Harbors is taking a $198.9M charge related to its long-running litigation against its prior external manager, the analyst tells investors in a research note.

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