Piper Sandler Reaffirms Ellington With $13 Target

Piper Sandler Keeps Ellington Financial Stock Overweight

Piper Sandler has reiterated its Overweight rating on Ellington Financial Inc., holding steady with a price target of $13.00. This decision follows virtual meetings with the company's top management, including Co-CIO Mark Tecotzky and CFO JR Herlihy. The discussions showcased Ellington's strategic moves like acquiring loans in the commercial sector and investing in second lien residential opportunities.