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FNMA

Fannie Mae

$0.00

(0.00%)

, FMCC

Freddie Mac

$0.00

(0.00%)

08:42
10/23/19
10/23
08:42
10/23/19
08:42

Odeon keeps Sell ratings on Fannie, Freddie shares after 'devastating' testimony

Odeon Capital analyst Richard Bove said testimony yesterday from Treasury Secretary Steve Mnuchin, Housing Secretary Ben Carson, and FHFA Director Mark Calabria in front of the House of Representatives' Financial Services Committee "had to be horrifying to owners" of shares of GSEs Fannie Mae (FNMA) and Freddie Mac (FMCC). The "devastating remarks" showed "strong antipathy toward shareholders in these companies" and Mnuchin repeatedly indicated that there was money owed to the U.S., according to Bove, who added that "none of the three gentlemen" discussed any plans or timetables for freeing the two companies from their conservatorship. Bove keeps Sell ratings on the shares of both Fannie Mae and Freddie Mac.

FNMA

Fannie Mae

$0.00

(0.00%)

FMCC

Freddie Mac

$0.00

(0.00%)

  • 27

    Oct

FNMA Fannie Mae
$0.00

(0.00%)

09/11/19
RILY
09/11/19
NO CHANGE
Target $3
RILY
Neutral
Fannie Mae price target raised to $3 from $2 at B. Riley FBR
B. Riley FBR analyst Randy Binner raised his price target for Fannie Mae to $3 from $2 while maintaining a Neutral rating on the shares. While the combination of the recent Treasury report, the Fifth Circuit Court decision, and comments from regulators "are constructive for all shareholders, the equity still faces a wide range of outcomes given significant dilution from a potential recap," Binner tells investors in a research note. He continues to believe the junior preferreds "have much less dilution risk." The analyst continues to view Fannie Mae common and preferred securities as a call option on a "large and increasingly sophisticated financial company" that could "thrive" in the private market.
10/08/19
KBWI
10/08/19
UPGRADE
Target $3
KBWI
Market Perform
Fannie Mae upgraded to Market Perform from Underperform at Keefe Bruyette
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."
10/09/19
10/09/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Roku (ROKU) upgraded to Outperform from Neutral at Macquarie with analyst Tim Nollen saying the shift to connected television viewing that has been underway in the U.S. for the past few years will follow internationally in the coming years. 2. Chipotle (CMG) upgraded to Hold from Underperform at Gordon Haskett with analyst Jeff Farmer saying the company's sales momentum makes the bear thesis on shares "increasingly untenable." 3. Sleep Number (SNBR) upgraded to Outperform from Market Perform at Raymond James with analyst Bobby Griffin saying Sleep Number's pullback over the last few months creates a more favorable risk/reward setup heading into Q3 earnings and adds that he continues to have a favorable view of the company's business model and product offering, particularly as consumers focus on health and wellness. 4. American Outdoor Brands (AOBC) upgraded to Buy from Hold at Craig-Hallum with analyst Steven Dyer saying he believes valuation is "extremely attractive" and thinks there is a compelling near-term opportunity with potential catalysts upcoming even though he continues to have concerns about a potential longer-term secular decline in firearms. 5. Fannie Mae (FNMA) and Freddie Mac (FMCC) upgraded to Market Perform from Underperform at Keefe Bruyette. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/19
ODEN
10/11/19
NO CHANGE
ODEN
Sell
Fannie Mae, Freddie Mac common shares downgraded to Sell at Odeon Capital
Odeon Capital analyst Dick Bove downgraded the common securities of Fannie Mae (FNMA) and Freddie Mac (FMCC), both to Sell, given that he believes the legal, legislative and administrative outlook for the Government Sponsored Entities remains "very cloudy" and because the "estimated secular growth rate of the businesses cannot be determined." However, he still believes that holding the preferred issues in these companies "makes sense," Bove tells investors.
FMCC Freddie Mac
$0.00

(0.00%)

09/09/19
COMP
09/09/19
UPGRADE
COMP
Buy
Compass Point upgrades Fannie Mae, Freddie Mac to Buy after Collins verdict
As previously reported, shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) were both upgraded to Buy from Neutral at Compass Point as analyst Chris Gamaitoni believes the Fifth Circuit delivered Government-Sponsored Enterprise shareholders "a significant victory" with its decision on September 6 in "Collins v. Mnuchin." The Collins case deemed the FHFA unconstitutionally structured, with the remedy being to eliminate the "for cause" removal provision, and he believes the ruling adds a sense of urgency to move toward a recapitalization plan to formalize operational restrictions. He also thinks the ruling increases the odds of the GSEs receiving compensation for their overpayment of the original terms of the PSPA, Gamaitoni tells investors. He has a $7.00 price target on Freddie Mac shares and a $7.75 price target on Fannie Mae.
10/08/19
KBWI
10/08/19
UPGRADE
Target $4
KBWI
Market Perform
Freddie Mac upgraded to Market Perform from Underperform at Keefe Bruyette
Keefe Bruyette analyst Bose George upgraded Freddie Mac to Market Perform from Underperform with a $4 price target. The stock closed Tuesday at $3.45. 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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CNHI

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DRNA

Dicerna

$21.37

2.08 (10.78%)

, NVO

Novo Nordisk

$57.06

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Alnylam

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SDT

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$0.00

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TJX

TJX

$59.54

-0.25 (-0.42%)

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DCOM

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$20.02

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, EBSB

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$5.26

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