UBS Assumes Annaly Capital Management at Neutral, Announces Price Target of $19
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Douglas Harter has initiated coverage on Annaly Capital Management (NYSE:NLY) with a Neutral rating and set a price target of $19.

December 06, 2023 | 11:34 am
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NEUTRAL IMPACT
UBS analyst Douglas Harter has assumed coverage on Annaly Capital Management with a Neutral rating and a price target of $19.
The initiation of coverage by UBS with a Neutral rating suggests that the analyst sees the stock performing in line with the market. The price target of $19 provides a reference point for investors but does not imply a significant upside or downside, hence the neutral score. The relevance is high as the news is directly about NLY. The importance is moderate because analyst ratings can influence investor sentiment and stock price, but a Neutral rating is not as impactful as a Buy or Sell rating. The confidence level is high due to the clear stance of the analyst.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100