Chimera Investment Reaches Analyst Target Price
September 15, 2016 at 08:25 AM EDT
In recent trading, shares of Chimera Investment Corp (CIM) have crossed above the average analyst 12-month target price of $16.00, changing hands for $16.05/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..