UBS Downgrades Granite Point Mortgage Tr to Neutral, Lowers Price Target to $1.5

Benzinga Newsdesk www.benzinga.com Negative 91.1%

Neg 91.1% Neu 0% Pos 0%

UBS analyst Douglas Harter downgrades Granite Point Mortgage Tr (NYSE:GPMT) from Buy to Neutral and lowers the price target from $3.25 to $1.5.