Annaly Capital initiated with an Equal Weight at Barclays

Barclays analyst Terry Ma initiated coverage of Annaly Capital (NLY) with an Equal Weight rating and $19 price target The company’s three business lines should give it flexibility to manage through various rate and investment environments, ultimately allowing it to generate attractive risk adjusted returns, the analyst tells investors in a research note. However, the firm finds the stock’s risk/reward as balanced at current share levels.