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Fly News Breaks for May 18, 2016
IVR
May 18, 2016 | 07:18 EDT
Nomura analyst Brock Vandervliet upgraded Invesco Mortgage to Buy and increased his price target to $16 from $14. The analyst said Invesco now has a leaner, higher return portfolio and lower opex following Q1, book valued has recovered, valuation is attractive, and there is a growth catalysts tied to the Risk Retention rule being fully implemented.
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