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Fly News Breaks for February 21, 2020
NYMT
Feb 21, 2020 | 07:00 EDT
BofA initiated coverage of New York Mortgage Trust with a Neutral rating and $6.25 price target. The analyst believes the trust's lower leverage strategy of investing in a diversified portfolio of mortgage-related assets should deliver attractive risk-adjusted returns, but also sees the risk/reward as balanced at current levels.
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