Wunderlich Maintains Hold on Chimera Investment Corp. (CIM)

Wunderlich is out with its report today on Chimera Investment Corp. CIM, maintaining Hold. In a note to clients, Wunderlich writes, "2010 GAAP earnings were a penny ahead of our estimate, coming in at $0.16 for 4Q10 and $0.65 for the year. We maintain our Hold rating on the shares of Chimera Investment Corp. We believe the company will be challenged to increase its earnings and dividends as market conditions evolve and housing finance reform is designed, legislated, and eventually implemented. Our price target remains $3.75." Shares of CIM closed yesterday at $4.15, down 2.35% from Wednesday's close.