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AG Mortgage price target raised to $8.50 from $8 at JonesResearch

JonesResearch raised the firm’s price target on AG Mortgage (MITT) to $8.50 from $8 and keeps a Buy rating on the shares following the Q4 report. AG expects to continue emphasizing its non-agency platform while expanding its home equity loan footprint, the analyst tells investors in a research note. The firm views the shares as :significantly undervalued” at current share levels.

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