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Fly News Breaks for February 16, 2017
CIM
Feb 16, 2017 | 06:01 EDT
Wells Fargo analyst Joel Houck upgraded Chimera Investment to Market Perform citing the company's "strong" Q4 results. Chimera's relatively high concentration of credit investments delivered superior returns relative to peers, the analyst contends. He raised his price target range for the shares to $17.50-$18.50 from $12.75-$13.75.
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