On balance though, Sterne lowers its price targets on several of the mortgage REITs it follows, cutting AGNC to $22 from $25.50, MFA to $9 from $9.50, MITT to $21 from $26.50, NLY tp $10.75 from $14.25 and PMT to $24.50 from $28.50.
These guys are amazing . After a stock drops 20% they lower their target price. Can I get a high paid job like that? Don't worry after this goes back to $14 by year end they will raise their target price back to $14.25. What a joke.