JonesResearch last night initiated coverage of Two Harbors with a Hold rating. The firm believes residual volatility and declining rates will be less favorable for the mortgage servicing rights portion of the company’s strategy. It expects more certainty upon a more stable rate environment.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TWO:
- Two Harbors management to meet with JMP Securities
- Two Harbors Appoints Sanjiv Das to Board of Directors
- Two Harbors Revamps Equity Offering and Sales Strategy
- Two Harbors files automatic mixed securities shelf
- A New Cause for Concern: Two Harbors Investment Corp. Adds a New Corporate Activity and Growth Risk