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Fly News Breaks for December 6, 2019
FMCC, FNMA
Dec 6, 2019 | 08:43 EDT
B. Riley FBR analyst Randy Binner lowered his price target for Fannie Mae (FNMA) to $2 from $3 and keeps a Neutral rating on the shares. The target cut matches potential capital raise changes as the stock price has decreased, Binner tells investors in a research note. The analyst also initiated coverage of Freddie Mac (FMCC) with a Neutral rating and same $2 price target.
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