Ellington Financial LLC (EFC) stock soared 5.09% during Friday's trading session, showcasing solid gains for the company.
The surge comes as BTIG, a leading research firm, maintained its Buy rating on Ellington Financial and reiterated its price target of $13 per share. In a report released earlier today, analyst Eric Hagen provided an update on the company's outlook and prospects.
While the specifics behind BTIG's bullish stance were not immediately clear, the reaffirmed Buy rating and $13 price target suggest the firm remains optimistic about Ellington Financial's future performance and growth potential. This positive sentiment from a reputable research firm likely boosted investor confidence, driving the stock's upward momentum.
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