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UPDATE: Wunderlich Upgrades CYS Investments On Q214 Earnings

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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

DateFirmActionFromTo
Aug 2015Deutsche BankMaintainsHold
Jul 2015Wells FargoUpgradesMarket PerformOutperform
Jun 2015Bank of AmericaDowngradesNeutralUnderperform

View More Analyst Ratings for CYS
View the Latest Analyst Ratings

Posted-In: Merrill Ross WunderlichAnalyst Color Upgrades Price Target Analyst Ratings

 

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