Wells Fargo Upgrades Hatteras Financial (HTS) to Outperform; Well Positioned for Rise in L-T Interest Rates

Wells Fargo upgraded Hatteras Financial (NYSE: HTS) from Market Perform to Outperform with a price target range $27-30 from $27-29.

Wells analyst says, "We believe HTS’ shorter duration portfolio and risk discipline leave the company relatively well positioned for a rise in long term rates. We find the approximate 12% yield attractive on a risk/return profile of HTS’ investment portfolio. We are raising our 2012 and 2013 estimates from $3.67 and $4.00 to $3.69 and $4.07, respectively, which reflect an expected capital raise of approximately $285MM."

For an analyst ratings summary and ratings history on Hatteras Financial click here. For more ratings news on Hatteras Financial click here.

Shares of Hatteras Financial closed at $28.75 yesterday.

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