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Fly News Breaks for February 23, 2016
NLY
Feb 23, 2016 | 06:55 EDT
FBR Capital analyst Jessica Levi-Ribner upgraded Annaly Capital to Outperform citing an attractive valuation and the company's more defensive portfolio. The upgrade follows a transfer of coverage to Levi-Ribner as well as FBR's non-deal roadshow with Annaly management. The analyst raised her price target for the shares to $12 from $11.
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