UPDATE: Wunderlich Upgrades CYS Investments On Q214 Earnings
In a noted released Tuesday morning, Wunderlich analyst Merrill Ross upgraded shares of CYS Investments (NYSE: CYS) from Hold to Buy and raised the price target from $9 to $11.
Ross wrote, "We expect CYS to seize the moment to rebuild its investment portfolio to about $19 billion by year-end 2014 at a low basis that can support higher returns."
For full-year 2014 Ross has raised the firm's EPS estimate to $1.49 and made a preliminary estimate for 2015 of $1.93.
Following the release of the note, shares of CYS Investments are up 1.5 percent to $9.14.
Latest Ratings for CYS
|Sep 2014||Compass Point||Upgrades||Neutral||Buy|
|Sep 2014||Maxim Group||Downgrades||Buy||Hold|
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