This morning, Sterne Agee upgraded shares of Anworth Mortgage (NYSE:ANH) from Neutral to Buy as the stock is currently trading below the firms estimated book value of $7.65 per share. Furthermore, the company has seen many of its higher-priced swap agreements expire, allowing new, shorter duration swaps to be put in place at lower costs. With the upgrade, the firm set a price target of $8.50 per share.
Shares of Anworth were trading higher following the upgrade, climbing almost two percent in morning trading.
And BMO upgraded shares of Target (NYSE:TGT) following the company's earnings report earlier in the week. The firm raised its rating from Underperform to Market Perform following the sell off this week, as analysts feel the lower stock price more accurately reflects the company's value and earnings potential going forward. With the upgrade, BMO raised its price target from $40 per share up to $54 per share.
In morning trading, shares of Target were trading modestly lower, off just a few pennies so far.
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