UPDATE: JP Morgan Raises PT on Apollo Residential Mortgage Post Solid FQ3
March 15, 2013 at 11:11 AM EDT
JP Morgan maintained Apollo Residential Mortgage (NYSE: AMTG ) with a Neutral rating and raised the price target from $21.00 to $23.00. JP Morgan analyst Richard Shane noted, "Last week (3/6/2013), AMTG reported 4Q12 results. Results were strong as the company exceeded our GAAP estimates ($2.09 vs. JPMe of
