REIT Ratings Roulette: Annaly's Analysts Play 'Pin the Target on the Stock'
Key Points
- Wall Street analysts are rapidly adjusting their price targe...
Wall Street analysts are doing what they do best - changing their minds faster than crypto traders after Elon Musk tweets. This time, they're juggling price targets for Annaly Capital Management (NYSE:NLY) like hot potatoes in a high-stakes game of financial musical notes.
Analysts' Crystal Ball Gets Cloudy
Royal Bank of Canada just knocked a dollar off their price target for Annaly, dropping it from $22.00 to $21.00 - while keeping their "outperform" rating because, you know, consistency is overrated. JPMorgan Chase joined the markdown party by slashing their target from $21.00 to $19.00...
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