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Fly News Breaks for January 8, 2020
GPMT
Jan 8, 2020 | 07:05 EDT
Credit Suisse analyst Douglas Harter started coverage of Granite Point Mortgage with a Neutral rating and a $18 price target. The analyst cited his expectation for the lowest expected ROE of the sector for the company. Further, he sees risk to its dividend in the first quarter, which is likely to keep a lid on valuation.
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