Deutsche Bank Downgrades Chimera Investment Corp (CIM) to Hold; Valuation Call

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Deutsche Bank downgraded Chimera Investment Corp (NYSE: CIM) from Buy to Hold with a price target of $3.00.

Deutsche analyst said, "With shares trading basically in line with our price target, we are reducing our rating to Hold from Buy. We believe returns from current levels are likely to be through dividends as opposed to multiple expansion."

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 $2.99 yesterday, with a 52 week range of $2.38-$4.20.

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