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Fly News Breaks for October 8, 2019
FNMA
Oct 8, 2019 | 16:26 EDT
Keefe Bruyette analyst Bose George upgraded Fannie Mae to Market Perform from Underperform with a $3 price target. The stock closed Tuesday at $3.70. The Treasury Department and the Federal Housing Finance Agency have taken meaningful actions that have moved the government sponsored enterprises down the road towards recapitalization, Bose tells investors in a research note. However, he believes market expectations "remain high that there will be a positive resolution."
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