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Fly News Breaks for July 7, 2015
MTGE
Jul 7, 2015 | 07:51 EDT
Wells Fargo upgraded American Capital Mortgage to Outperform from Market Perform after raising the Residential REIT sub-sector to Overweight from Market Weight. Wells finds the risk/rewards in the space as attractive saying "relatively" stable payout levels should contribute to "valuation stability." It has an $18.50-$19.50 price target range for American Capital Mortgage shares.
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