Wunderlich upgraded shares of American Capital Agency Corp. (AGNC) from a hold rating to a buy rating. Wunderlich now has a $34.00 price target on the stock, up previously from $30.00. They wrote, "American Capital Agency (AGNC) delivered a 59% annualized economic return in 3Q12, comprised of $1.25 in dividends and $3.08 in appreciation in book value per share. While we believe that achieving that rate of return was largely a function of the QE3-inspired rally in agency RMBS, we believe returns over the next two years will be a function of portfolio is comparatively and absolutely well positioned to deliver value in 2013, though perhaps at a more sedate pace. Using our revised outlook for earnings based on 3Q12 equity allocation, we are raising our estimates and increasing our price target to $34."
--- Kurzform; von HOLD AUF BUY und Kursziel auf 34$ angehoben (vormals 30$)
Quelle: www.pr-inside.com/...tings-changes-for-november-1st-agnc-r3453670.htm