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Fly News Breaks for July 8, 2016
AGNC
Jul 8, 2016 | 06:46 EDT
Nomura analyst Brock Vandervliet downgraded American Capital Agency to Neutral and maintained its $21 price target following recent management meetings. The analyst believes intermediate-term earnings and dividend power will be pressured by the economic and interest rate backdrop, pinning the stock below book value until conditions improve.
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