Citi analyst Arren Cyganovich raised the firm’s price target on Two Harbors to $17 from $15 and keeps a Neutral rating on the shares. The company benefited from spread tightening in Q4 and remains optimistic about the outlook for 2023, the analyst tells investors in a research note. However, Citi wants to see more stability before recommending the shares.
Published first on TheFly
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Read More on TWO:
- Two Harbors upgraded to Buy from Hold at Maxim
- Two Harbors reports Q4 EPS ex-items 73c, consensus 53c
- Two Harbors 10M share Spot Secondary priced at $17.80
- Two Harbors 10M share Spot Secondary; price range $17.80-$18.00
- Two Harbors announces offering of 10M shares of common stock
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