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Fly News Breaks for May 11, 2016
CMO
May 11, 2016 | 06:02 EDT
Wells Fargo analyst Joel Houck upgraded Capstead Mortgage to Outperform saying he sees reduced pressure on margins with expectations around future increases in repo rates lessened by a more gradual Fed tightening cycle. The analyst raised his price target range for the shares to $10.00-$10.50 from $9.25-$9.75.
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