As previously reported, Wedbush analyst Henry Coffey upgraded AGNC Investment to Outperform from Neutral with a price target of $20.25, up from $19.25. The analyst notes that rates are down substantially and the shape of the yield curve, once the market reacts fully to the Fed's cut, is about the same as it was in December. Coffey expects the company's book value to hold steady or improve, and investment margins, while likely to be down in the near-term, should remain high enough to support the company's current dividend, which equates to 46c per quarter.