By: Benzinga
UPDATE: Wunderlich Securities Upgrades Arlington Asset Investment to Buy on Improved Earnings Outlook
Wunderlich Securities upgraded Arlington Asset Investment (NYSE: AI ) from Hold to Buy and raised the price target from $23.50 to $27.00. Wunderlich Securities said, "Arlington Asset accretively raised about $83 million (assuming exercise of the overallotment option) in equity capital in an offering that priced on March 8, 2013.
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