Jefferies & Company commented on Chimera Investment Corp CIM in a report released today. In the report, Jefferies was mixed in its assessment of the company.
Jefferies writes, "Cash flows improved during the month, with an increase in principal cash flows
offsetting a slight decrease in interest cash flows. QTD subordinate losses are
running at approximately 90% of the 1Q11 QTD comp. Despite improving Y/
Y delinquency performance, a recent upturn in early stage delinquencies was
witnessed. These early stage buckets will be the most important delinquency
data points for us over the next several months."
Jefferies currently has a Hold rating on CIM and a price target of $3.80. Shares of CIM closed at $3.58 on Thursday.
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