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Nomura Securities Starts American Capital Agency (AGNC) at Neutral

January 30, 2015 7:31 AM EST
Get Alerts AGNC Hot Sheet
Price: $9.60 -0.31%

Rating Summary:
    12 Buy, 11 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 4 | New: 35
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Nomura Securities initiates coverage on American Capital Agency (NASDAQ: AGNC) with a Neutral rating and a price target of $21.00.

Analyst Brock Vandervliet commented, "AGNC faces similar headwinds as its peers, including the threat of higher interest rates driving up funding costs and a yield curve that continues to flatten, squeezing net interest spreads. Despite these factors, AGNC has delivered five years of consistently higher economic returns than peers. The company also has a strong management team with experience at Freddie Mac, and has opportunistically capitalized on “dollar roll,” an off-balance sheet financing structure."

For an analyst ratings summary and ratings history on American Capital Agency click here. For more ratings news on American Capital Agency click here.

Shares of American Capital Agency closed at $21.52 yesterday.



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