American Capital and Two Harbors coverage started at JPMorgan

|About: Two Harbors Investment C... (TWO)|By:, SA News Editor

JPMorgan initiates coverage on two mREITs, starting Two Harbors (TWO) at a Buy with $10.50 price target and American Capital Agency (AGNC) at Hold with $22 price target.

Two Harbors, of course, invests in a wider variety of assets and has a good deal of exposure to credit, rather than rates. American Capital, on the other hand, is strictly an agency MBS player.

AGNC is off 2.5% premarket, but it's just one trade for 102 shares.