Jefferies Upgrades MFA To Buy From Hold

Jefferies is upgrading MFA Financial MFA to Buy from Hold, and raises its PT to $9 from $7.50. “With a solid track record, seasoned management team, and an attractive book of non-Agency RMBS, we are upgrading shares of MFA from Hold to Buy,” Jefferies writes. “We expect the company's non-Agency book and recent re-REMIC transaction will drive out-performance compared to pure-play Agency REITs.” MFA Financial closed Tuesday at $8.02.