Annaly Capital Management (NLY) NewsBite - NLY Receives Bullish Rating And Price Target From Jefferies

Posted: Tuesday, November 10, 2009 2:19 PM EDT

Annaly Capital Management (NYSE: NLY) opened at $17.50. So far today, the stock has hit a low of $17.50 and a high of $17.80. NLY is now trading at $17.53, down $0.10 (-0.57%). The stock hit its 52-Week high of $19.74 in September and set its 52-Week low of $10.97 in last November. The stock is moving lower today despite a bullish Buy rating by Jefferies. Jefferies also set a $19 price target on the stock. Technical indicators for the stock are neutral and S&P gives NLY a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on NLY the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 15 range. [ABR-Seven Summits Strategic Investments NewsBite]

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