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.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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
- AGNC Investment Corp. options imply 2.8% move in share price post-earnings