Wells Fargo Upgrades Annaly Capital Management to Overweight, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo has upgraded Annaly Capital Management from Equal-Weight to Overweight and increased its price target from $19 to $23.
September 20, 2024 | 12:51 pm
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POSITIVE IMPACT
Wells Fargo has upgraded Annaly Capital Management to Overweight and increased its price target to $23, indicating a positive outlook.
The upgrade from Equal-Weight to Overweight by Wells Fargo suggests increased confidence in Annaly Capital Management's performance. The raised price target from $19 to $23 indicates expectations of a higher stock price, likely leading to a positive short-term impact on NLY's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100