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Fly News Breaks for December 17, 2018
MFA
Dec 17, 2018 | 07:52 EDT
As previously reported, JMP Securities analyst Steven DeLaney upgraded MFA Financial to Outperform from Market Perform and set a $7.50 price target on the shares, contending that the recent "unwarranted" selloff in the shares has created an attractive entry point. MFA reported strong third quarter results and has an undistributed taxable earnings cushion, which along with its strong capital deployment give it improved dividend visibility, DeLaney tells investors.
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