AG Mortgage upgraded at Wunderlich

• Management has "proven the effectiveness of its positioning," generated consistent earnings inline with distributions, restored BVPS to year-ago levels, says analyst Merrill Ross, upgrading AG Mortgage (NYSE:MITT) to Buy from Hold. The $17 price target compares to Friday's close of $15.72. The stock dipped nearly all the way to $10 at the lows in February.
• Shares +1.5% to $15.96 in very thin premarket action.