Jefferies Rates Chimera Investment Buy With $4.25 PT (CIM)

Jefferies rates Chimera Investment CIM with a Buy and a PT of $4.25. In the report, Jefferies states, "In the mortgage REIT space, we view CIM as the most levered name to mortgage credit. Although early, credit performance is stabilizing on CIM's underlying re-REMIC collateral. We expect this stabilization to continue, driving cash flows and valuations on CIM's core portfolio higher." Shares of CIM are currently trading at $4.09, -0.1% from yesterday's close.