Deutsche Bank Starts Two Harbors Investment (TWO) at Buy

Deutsche Bank initiates coverage on Two Harbors Investment (NYSE: TWO) with a Buy. PT $12.75.

The firm comments, "We expect TWO to continue generating attractive ROEs and post earnings growth in 2013 as it benefits from less prepayment-sensitive agency assets, an increasing mix of non-agency assets, income from Silver Bay, and new investments in whole loans, which we believe is likely to lead to securitizations next year. Given the attractive valuation and our return expectations, we are initiating coverage with a Buy and a target of $12.75 per share."

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 $11.59 yesterday.

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