Barclays Maintains an 'Overweight' on Two Harbors Investment (TWO); Meeting with Management Reinforces Views

March 30, 2012 2:50 PM EDT
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Price: $8.79 +0.34%

Rating Summary:
    10 Buy, 6 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 22 | Down: 16 | New: 13
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Barclays maintains an 'Overweight' on Two Harbors Investment (NYSE: TWO) price target of $11.00.

Analyst, Mark C. DeVries, said, "The key takeaways from the meetings reinforced our view that the company should continue to outperform peers, helped in large part by attractive returns on non-Agency investments. The incremental takeaways that reinforce our bullish view include: 1) Favorable Credit Trends; 2) Non-Agencies Have Richened, but Are not Rich; 3) Returns on New Investment Are Now More Balanced between Agencies and Non-Agencies; and 4) Presence in Local Markets Improving Visibility on Liquidation Values."

For an analyst ratings summary and ratings history on Two Harbors Investment click here. For more ratings news on Two Harbors Investment click here.

Shares of Two Harbors Investment closed at $10.14 yesterday.

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