Wells Fargo cuts Annaly Capital (NLY -0.8%) to Market Perform, citing the potential risks to the...

|About: Annaly Capital Management, ... (NLY)|By:, SA News Editor

Wells Fargo cuts Annaly Capital (NLY -0.8%) to Market Perform, citing the potential risks to the company's longer duration portfolio from rising longer term rates. The firm also lowers its price target range to $16-$17 from $16-$18.