B of A Securities Downgrades Angel Oak Mortgage: Here's What You Need To Know

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B of A Securities downgraded its rating of Angel Oak Mortgage AOMR to Underperform with a price target of $6.50, changing its price target from $15.50 to $6.50.

Shares of Angel Oak Mortgage are trading down 5.42% over the last 24 hours, at $6.29 per share.

A move to $6.50 would account for a 3.34% increase from the current share price.

About Angel Oak Mortgage

Angel Oak Mortgage Inc is a real estate finance company focused on acquiring and investing in the first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market. Its objective is to generate attractive risk-adjusted returns for its stockholders, through cash distributions and capital appreciation, across interest rates and credit cycles.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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