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Fly News Breaks for May 4, 2018
MTGE
May 4, 2018 | 08:42 EDT
As reported earlier, Maxim analyst Michael Diana downgraded MTGE Investment Corp (MTGE) to Hold from Buy and lowered his price target to $19.75 from $21. The analyst cites the company's cash-and-stock acquisition by Annaly Capital Management (NLY) for a total price of $19.54 per share, forecasting the deal to close in Q3 and the stock to trade around his target at that time.
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