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Compass Point upgrades CYS Investments on valuation

Compass Point analyst Fred Small upgraded CYS Investments Inc. to "neutral" from "sell" after the company's stock price fell 20% through Feb. 5 this year.

As the U.S. Federal Reserve is expected to raise interest rates, dividends may come under pressure from narrowing net interest spreads, according to the analyst. However, the current dividend yield mostly reflects the possibility of a dividend cut, he noted.

The analyst lowered his price target on CYS Investments to $7.25 from $7.50.