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FNMA

Fannie Mae

$0.00 /

+ (+0.00%)

, FMCC

Freddie Mac

$0.00 /

+ (+0.00%)

08:54
12/09/19
12/09
08:54
12/09/19
08:54

Odeon says ruling seems like 'big, big plus' for Fannie and Freddie shareholders

Odeon Capital analyst Richard Bove said it appears that a ruling was made on Friday night by Judge Margaret Sweeney about whether the claims case related to the government sponsored enterprises in her court could go forward, though he notes that it is sealed so that at this time only the attorneys involved in the case know what the ruling says. The request for a trial on the direct claims made by the plaintiffs has been denied, but the request for a trial relative to the derivative claims apparently is being approved, which "is a loss for the government and a win for shareholders," said Bove. Though Bove cautioned "I am not a lawyer and my opinion as to what happened Friday night, as described here, may be totally incorrect," he also said in his note to investors that he believes Friday night's "ruling seems to say the plaintiffs have standing and the request for a lawsuit is reasonable," which he views as "a big, big plus" for Fannie Mae (FNMA) and Freddie Mac (FMCC) shareholders. Bove has Hold ratings on both GSE stocks.

FNMA

Fannie Mae

$0.00 /

+ (+0.00%)

FMCC

Freddie Mac

$0.00 /

+ (+0.00%)

FNMA Fannie Mae
$0.00 /

+ (+0.00%)

10/09/19
Fly Intel: Top five analyst upgrades
10/11/19 ODEN
Fannie Mae, Freddie Mac common shares downgraded to Sell at Odeon Capital
10/23/19 ODEN
Odeon keeps Sell ratings on Fannie, Freddie shares after 'devastating' testimony
12/06/19 RILY
Fannie Mae price target lowered to $2 from $3 at B. Riley FBR
FMCC Freddie Mac
$0.00 /

+ (+0.00%)

12/05/19 RILY
Freddie Mac initiated with a Neutral at B. Riley FBR
12/06/19 RILY
B. Riley FBR sees wide range of potential outcomes for Freddie Mac shares

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