October 18, 2012
05:48 EDT NLY Annaly Capital upgraded to Market Perform from Underperform at Wells Fargo
Wells Fargo upgraded Annaly Capital to Market Perform citing valuation and keeps a $15.50-$16.50 price target range for shares.
NLY will be at $16.50 by end of week. Great buy at low 16's. Technical chart pattern is positive, buy backs and NLY management's expertise in yield curve spreads keep this REIT a buy. Recall that the Fed reserve vowed to maintain interest rates at nearly 0 through 2015. Ha