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Fly News Breaks for February 14, 2019
EFC
Feb 14, 2019 | 09:53 EDT
As previously reported, B. Riley FBR analyst Timothy Hayes upgraded Ellington Financial to Buy from Neutral and increased his price target to $18 from $16 to reflect the company's decision to convert to a REIT. He believes the change should encourage greater institutional investment, increase liquidity, and make the dividend more attractive, Hayes tells investors.
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