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Two Harbors upgraded to Buy from Hold at Maxim

Maxim analyst Michael Diana upgraded Two Harbors to Buy from Hold with a $19 price target. The analyst is citing a strong outlook for RMBS and MSR, for which the company is "well-positioned", along with its high-yielding and sustainable dividend. The firm adds that the stock’s book value implied by its price target is 1.04-times, which is in line with valuations of relevant Agency mortgage REITs.

Published first on TheFly

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