RBC Capital Maintains Outperform on AGNC Investment, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Kenneth Lee has maintained an 'Outperform' rating on AGNC Investment (NASDAQ:AGNC) but lowered the price target from $11 to $9.
November 03, 2023 | 6:01 pm
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NEGATIVE IMPACT
AGNC Investment's price target has been lowered from $11 to $9 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital indicates a potential decrease in AGNC Investment's stock price in the short term. However, the maintained 'Outperform' rating suggests that the stock is still expected to outperform the market or its sector, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100