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UPDATE: Stifel Nicolaus Downgrades CYS Investments to Hold on Investor Sentiment

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Stifel Nicolaus downgraded CYS Investments (NYSE: CYS) from Buy to Hold and announced a $14.50 price target.

Stifel Nicolaus said, "Sometimes what the market wants a company to do isn't necessarily what's best for a company to do. Investors get to vote with their wallet, and in the medium term we don't see that working to the benefit of CYS stock. We see another dividend cut ahead as CYS executes in what we consider a prudent manner, but a manner that seems unlikely to erase the stock's discount to book."

CYS Investments closed at $12.29 on Thursday.

Latest Ratings for CYS

DateFirmActionFromTo
Dec 2016Keefe Bruyette & WoodsDowngradesOutperformMarket Perform
Dec 2016Compass PointDowngradesNeutralSell
Jul 2016Keefe Bruyette & WoodsMaintainsOutperform

View More Analyst Ratings for CYS
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Posted-In: Stifel NicolausAnalyst Color Downgrades Analyst Ratings

 

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