Annaly (NLY) Approves $1.5B Common Buyback Plan
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Compass Point Upgrades Annaly Capital Management (NLY) to Buy Following Buyback Plan
October 17, 2012 8:19 AM EDTCompass Point upgraded Annaly Capital Management (NYSE: NLY) from Neutral to Buy with a price target of $17.00 on bold capital action.
The firm comments, "We are upgrading the shares of NLY to Buy from Neutral. Our $17 price target remains unchanged and represents 1.05x estimated 3Q12 book value per share... More
