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Fly News Breaks for December 19, 2019
NLY
Dec 19, 2019 | 06:53 EDT
Wells Fargo analyst Donald Fandetti initiated coverage of Annaly Capital with an Equal Weight rating and $9 price target. The company's capital allocation exposes it to rate risk and therefore book value volatility, Fandetti tells investors in a research note. In addition, the analyst would like to see the CEO spot permanently filled after the sudden departure of Kevin Keyes.
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