Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Abeona Therapeutics (ABEO) initiated with a Buy at Citi. 2. AMC Networks (AMCX) initiated with an Outperform at Wells Fargo. 3. Dominion Midstream (DM) initiated with a Buy at Guggenheim. 4. Tremont Mortgage Trust (TRMT) initiated with a Buy at UBS. 5. PPL Corp. (PPL) initiated with a Buy at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage,
Tremont Mortgage Trust initiated with a Buy at UBS. UBS analyst Brock Vandervliet started Tremont Mortgage Trust with a Buy rating and $21 price target. The analyst believes the shares, down 20% since the September initial public offering, offers a "6-to-1 upside/downside skew at a point of extreme uncertainty." He models an 8% yield on the forward dividend, resulting in a total return profile of over 35%.
Tremont Mortgage Trust initiated with a Neutral at Citi. Citi analyst Arren Cyganovich started Tremont Mortgage Trust with a Neutral rating and $17 price target. The analyst sees the shares trading at a discount to book value in the near term before proving its business model.