Annaly Capital Management: Raising Target Price for Leading Mortgage REIT

Annaly Capital Management, a leading diversified capital manager and publicly traded REIT, invests in and finances residential assets through its Agency, Mortgage Servicing Rights, and Residential Credit businesses. The company primarily invests in agency MBS and uses actively managed portfolios and hedging strategies to preserve net asset value. Argus has raised its target price for NLY, the company's stock ticker.