Jefferies Maintains a 'Hold' on Chimera Investment Corp (CIM); Quarter Marked by Financial Restatement but Core Thesis Remains Intact

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Jefferies maintains a 'Hold' on Chimera Investment Corp (NYSE: CIM) price target lowered from $3.00 to $2.60.

Jefferies analyst says, "With limited opportunities for capital deployment in the near term and increasing headwinds from the subordinate re-REMIC book, we remain Hold rated on shares of CIM. Although we expect CIM to eventually be a significant player in the non-Agency new issuance market, over the near term we expect the performance of the subordinate portfolio to overshadow the company's long-term potential."

For an analyst ratings summary and ratings history on Chimera Investment Corp click here. For more ratings news on Chimera Investment Corp click here.

Shares of Chimera Investment Corp closed at $2.63 yesterday, with a 52 week range of $2.38-$4.34.

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