Raymond James Maintains Outperform Rating for MFA Finl: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Raymond James has maintained its Outperform rating for MFA Financial Inc (NYSE:MFA) but reduced its price target from $13.00 to $12.50. MFA Financial's shares are currently trading down at $10.44, which is a 1.04% decrease over the last 24 hours. The new price target suggests a potential upside of 19.73% from the current share price. MFA Financial is a REIT that invests in residential mortgage assets, aiming to deliver shareholder value through distributable income and asset performance.
November 21, 2023 | 5:00 pm
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Raymond James maintains Outperform rating for MFA Financial but lowers price target from $13.00 to $12.50, indicating a potential 19.73% upside from the current price of $10.44.
The maintenance of an Outperform rating by Raymond James is a positive signal for investors, suggesting confidence in MFA Financial's fundamentals and future performance. However, the reduction in the price target may reflect a more conservative outlook on the company's growth prospects or market conditions. The potential upside of 19.73% from the current share price to the new target price is significant and could influence investor sentiment positively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100