CreXus (CXS) is downgraded to Neutral from Overweight at JPMorgan after yesterday's purchase...

|About: CreXus Investment Corpor... (CXS)|By:, SA News Editor

CreXus (CXS) is downgraded to Neutral from Overweight at JPMorgan after yesterday's purchase offer from Annaly took the stock above book value and nearly to the level of the acquisition price. If CreXus shareholders haven't sold yet, they may want to think about it as pretty much only bad things can happen to the stock price from here.