Jefferies Raises Price Target on MFA Financial (MFA)

Jefferies analysts raised their price target on MFA Financial (NYSE: MFA) $0.50 from $7.50 to $8.00 while maintaining a BUY rating on the company.

In a company note, a Jefferies analyst stated “With longer term funding now secured for non-agency assets, we expect the portfolio to perform well as MFA has historically been a cautious investor in the space, patiently waiting until it sees value in a trade.”

Jefferies' $8 price target equates to 1.05x book value, or in line with MFA's longterm multiple.


Jefferies Buy MFA Mortgage (NYSE: MFA) price target of $8.00

For an analyst ratings summary and ratings history on MFA Mortgage click here. For more ratings news on MFA Mortgage click here.

Shares of MFA Mortgage closed at $7.61 yesterday.

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