Wedbush Assumes Freddie Mac (FMCC) at Outperform

Wedbush analyst Henry Coffey assumes coverage on Freddie Mac (OTC: FMCC) with a Outperform rating and a price target of $13.35.

The analyst comments "We are assuming coverage of the Federal Home Loan Mortgage Corp (FMCC, Freddie Mac) with an OUTPERFORM rating and a price target of $13.35. Our rating, price target, and investment outlook are based on our analysis of the implications of a range of options that the Trump Administration might take to recapitalize FMCC, put it on the path to leaving conservatorship, and monetize Treasury’s investments in the company."

For an analyst ratings summary and ratings history on Freddie Mac click here. For more ratings news on Freddie Mac click here.

Shares of Freddie Mac closed at $10.99 yesterday.

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