BTIG Upgrades Annaly Capital (NLY) to Buy Amid Rising Interest Rate Volatility
Annaly Capital Management, Inc. (NYSE:NLY) ranks among the most undervalued REIT stocks to buy right now. On January 6, BTIG raised Annaly Capital Management, Inc. (NYSE:NLY) from Neutral to Buy, setting a $25 price target on the company’s shares. The firm indicated possible dividend support in today’s low-interest-rate, volatile environment, especially if expectations for additional Fed rate cuts this year remain high. The firm expects Annaly Capital Management, Inc. (NYSE:NLY) to exhibit additional ups ...