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Fly News Breaks for August 21, 2019
CIM
Aug 21, 2019 | 06:23 EDT
As previously reported, Credit Suisse analyst Douglas Harter downgraded Chimera to Neutral from Outperform, "solely based on valuation" given that shares are now trading at 125% of Q3 book value and he does not see a catalyst for a further re-rating higher. He maintains a $19.50 price target on the stock.
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