AG Mortgage: UBS Raises PT to $8.75, Maintains Buy Rating

AG Mortgage: UBS Raises PT to $8.75, Maintains Buy Rating

Swiss banking giant UBS has updated its price target for AG Mortgage (MITT, Financial) to $8.75, a significant increase from its previous estimate of $8.00. The investment bank maintains its "Buy" recommendation for the stock, reflecting confidence in MITT's future performance and potential growth [1].

This revision comes amidst a positive earnings report from MITT, where the company reported a stable book value increase of 0.1% to $10.65 per share. The company also achieved a 2% economic return on equity, supported by a newly increased dividend of $0.20 per share. MITT's liquidity position remains strong, with approximately $133 million in total liquidity at the end of the quarter [1].

Analysts from Keefe, Bruyette & Woods, Wall Street Zen, and others have also revised their price targets and ratings for MITT, contributing to the stock's positive outlook. The consensus target price stands at $8.40, indicating an average upside of 9.23% from the current price of $7.69 [3]. Despite a slight dip in the stock's performance, the overall sentiment remains bullish, driven by MITT's robust earnings and analysts' positive forecasts.

In a separate development, the Competition Commission of India (CCI) has approved the acquisition of specific Indian businesses of UBS AG and its affiliates by 360 ONE Group entities. This deal is expected to expand 360 ONE's financial services footprint in India [2]. However, this transaction is not directly related to MITT's performance.

The recent updates and approvals highlight the positive momentum in the financial services sector, with both UBS and MITT contributing to the broader market's optimism. Investors following MITT should closely monitor the company's earnings and analyst revisions for further insights into its future prospects.

References:
[1] https://www.gurufocus.com/news/2969008/ubs-boosts-ag-mortgage-mitt-price-target-to-875-mitt-stock-news
[2] https://www.constructionworld.in/policy-updates-and-economic-news/cci-approves-ubs--360-one-deal-for-pms-and-lending-assets/76073
[3] https://www.marketbeat.com/instant-alerts/ag-mortgage-investment-trust-nysemitt-price-target-raised-to-850-at-keefe-bruyette-woods-2025-07-10/