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Rating: NLY
Market Perform

Annaly Capital Management Inc (NYSE: NLY) downgraded to Market Perform by Wells Fargo

Friday,  Jan 15, 2016  10:25 AM ET by Lynn Gilbert

Wells Fargo downgraded Annaly Capital Management Inc (NYSE: NLY) to Market Perform.
Previously, Wells Fargo rated Annaly Capital Management Inc (NYSE: NLY) to Outperform on 11/16/2012, when the stock price was valued at $14.41.

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.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.



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