Wells Fargo lowered the firm’s price target on AGNC Investment (AGNC) to $11 from $12 and keeps an Overweight rating on the shares. Agency RMBS fundamentals are favorable with wide spreads, and the supply/demand is well-balanced, the firm says. Wells sees an attractive risk/reward for AGNC.
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Read More on AGNC:
- AGNC Reports Mixed Earnings with Positive Year-End Gains
- AGNC Investment price target lowered to $10.25 from $10.75 at Keefe Bruyette
- AGNC Investment Corp. Reports Q4 2024 Financial Results
- AGNC Investment reports Q4 adjusted EPS 37c, consensus 44c
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