UPDATE: Wunderlich Securities Upgrades Invesco Mortgage Capital as Nimble Portfolio Positioning Increases Potential for Value Creation
February 24, 2014 at 07:51 AM EST
In a report published Monday, Wunderlich Securities analyst Merrill Ross upgraded the rating on Invesco Mortgage Capital (NYSE: IVR ) from Hold to Buy, and raised the price target from $17.00 to $18.00. In the report, Wunderlich Securities noted, “Although Invesco (IVR) reported 4Q13 EPS that fell short of its