Two Harbors price target lowered to $13.50 from $14 at Citizens JMP

Citizens JMP lowered the firm’s price target on Two Harbors (TWO) to $13.50 from $14 and keeps an Outperform rating on the shares. The firm is adjusting price targets on several agency-focused mortgage REITs and hybrid/credit mortgage REITs ahead of the residential mortgage REIT Q1 earnings season kicking off before the market open on Monday, April 21.