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Enter Symbol:
Rating: CIM
Hold $2.50

CHIMERA INVESTMENT CORPORATION (NYSE: CIM) upgraded to Hold with price target $2.50 by Wunderlich

Tuesday,  Aug 7, 2012  8:36 PM ET by Betsy O'Brien Harrison

Wunderlich upgraded CHIMERA INVESTMENT CORPORATION (NYSE: CIM) to Hold with price target
$2.50. Previously Wunderlich upgraded to CHIMERA INVESTMENT CORPORATION (NYSE: CIM) to Sell with price target $2.50 on 11/16/2011, when the stock price was $2.75.

Chimera Investment Corporation is a specialty finance company that invests in residential mortgage-backed securities (RMBS), residential mortgage loans, real estate-related securities and various other asset classes. The Company is externally managed by Fixed Income Discount Advisory Company (FIDAC). The Company's targeted asset classes and the principal investments it expects to make includes RMBS comprising agency and non-agency RMBS, residential mortgage loans consisting of prime mortgage loans, jumbo mortgage loans, and Alt-A mortgage loans and other asset backed securities (ABS) consisting of debt and equity tranches of collateralized debt obligations (CDOs), commercial mortgage backed securities (CMBS) and consumer and non-consumer ABS.

Advising private clients is a long-term and relationship-guided process. The Financial Advisors at Wunderlich Securities recognize that serving individuals and families requires an understanding of their individual goals and needs. Our approach involves a cycle of service. Wunderlich's Financial Advisors work with each client to design, implement and monitor a plan that serves the client's needs. We utilize a variety of high-quality investments including stocks, bonds, mutual funds, options and annuities to build diversified and balanced portfolios.

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