Piper Sandler initiated coverage of AG Mortgage with an Overweight rating and $9 price target. AG is well positioned to see earnings growth throughout 2024 and 2025 as net interest income trends higher while scale and operating efficiencies show through from the WMC acquisition, the analyst tells investors in a research note. The firm forecasts 130% earnings growth in 2024 and an additional 27% earnings growth in 2025.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MITT:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue