Angel Oak Mortgage REIT price target raised to $12 from $11 at B. Riley

B. Riley raised the firm’s price target on Angel Oak Mortgage REIT to $12 from $11 and keeps a Neutral rating on the shares. Core EPS for Q3 was above the firm’s estimate, and there was encouraging commentary from management regarding continued higher-coupon loan purchase activity, which in turn is improving NII, the analyst tells investors in a research note. The firm believes the stock warrants a narrower discount to economic book value.