Annaly Capital (NLY) is reiterated a Sell with price target cut to $13.50 from $16 at FBR as its...

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

Annaly Capital (NLY) is reiterated a Sell with price target cut to $13.50 from $16 at FBR as its proposed purchase of CreXus is admittance its business model of Agency MBS purchases is toast in the current environment. Isn't the purchase of CreXus a step in changing the business model though?