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Fly News Breaks for May 16, 2019
MFA
May 16, 2019 | 17:21 EDT
Keefe Bruyette analyst Eric Hagen upgraded MFA Financial to Outperform from Market Perform with a $7.75 price target after taking over coverage of the name from Bose George. The analyst likes MFA's combination of legacy and newer-issue mortgage credit as well as its "relatively low" balance sheet leverage. Although credit spreads are tight, supply of MFA's target assets is growing, Hagen tells investors in a research note.
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