Deutsche Bank Downgrades Chimera Investment Corp (CIM) to Hold; Valuation Call
Tweet
Share
E-mailGet Alerts CIM Hot Sheet
Price: $11.80 -0.51%
Rating Summary:
2 Buy, 11 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 11 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
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.
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Deutsche Bank Downgrades Qifu Technology (3660:HK) (QFIN) to Hold
- UBS Downgrades ASX Limited (ASX:AU) (ASXFY) to Neutral
- Wells Fargo Downgrades Roku Inc. (ROKU) to Equal Weight
Create E-mail Alert Related Categories
DowngradesRelated Entities
Deutsche Bank, DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
