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Annaly Capital Management Inc (NLY) [hlAlert]

Rating:
Neutral NLY

Annaly Capital Management Inc (NLY) rated Neutral with price target $13 by Banc of America Sec

Posted on: Wednesday,  Dec 10, 2008  8:25 AM ET by Banc of America Sec

Annaly Mortgage (NLY) rated Neutral
with price target $13 by Banc of America Sec.

Annaly Mortgage Management, Inc. specializes in investing in Mortgage-Backed Securities. Its principal business objective is to generate net income for distribution to stockholders from the spread between the interest income on its Mortgage-Backed Securities and the costs of borrowing to finance its acquisition of Mortgage-Backed Securities. The Company has elected to be taxed as a Real Estate Investment Trust and is self-advised and self-managed.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/10/2008 8:25 AM Hold
None
14.13 13.00
as of 12/24/2008
1 Week down  -0.07 %
1 Month down  -1.34 %
3 Months   
1 YTD down  -1.34 %

(*) Stock Price at the time of the recommendation.
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