Annaly (NLY) is raised to Hold from Sell by Sterne Agree following yesterday's...

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

Annaly (NLY) is raised to Hold from Sell by Sterne Agree following yesterday's post-earnings selloff. While still expecting steadily lower dividends, analyst Henry Coffey notes the shares - trading at a 10% discount to book value - may have already discounted the cuts.