Wells Fargo initiates coverage on Invesco Mortgage Capital (IVR +1.2%) with an Outperform...

|About: Invesco Mortgage Capital ... (IVR)|By:, SA News Editor

Wells Fargo initiates coverage on Invesco Mortgage Capital (IVR +1.2%) with an Outperform rating, and a $21-$23 price target. The firm notes, "we see total return potential of 20-25% over the next 12-18 months in IVR and like the company's diversified business model."