CreXus Investment (CXS) is downgraded to Hold from Buy at Deutsche Bank following Annaly's...

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

CreXus Investment (CXS) is downgraded to Hold from Buy at Deutsche Bank following Annaly's $12.50 cash bid. Deutsche expects no other bidders will emerge, and the CreXus board will accept the offer. With the stock trading at $12.40, it doesn't leave a lot of upside.