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Tuesday, 01/07/2020 12:16:38 PM

Tuesday, January 07, 2020 12:16:38 PM

Post# of 793595
Nomura takes bullish stance on Fannie, Freddie

Jan. 07, 2020 11:06 AM ETFederal National Mortgage Association (FNMA)By: Liz Kiesche, SA News Editor15 Comments

Fannie Mae (FNMA) gains 4.9% and Freddie Mac (FMCC) rises 3.7% after Nomura Instinet analyst Matthew Howlett initiates coverage of the two government-sponsored enterprises with Buy ratings.

Expects "recap and release" of the GSEs in the next 12-18 months.

Has $5 price target for Fannie and $4.50 target for Freddie.

Quant ratings for both Fannie and Freddie are Neutral.

https://seekingalpha.com/news/3530158-nomura-takes-bullish-stance-on-fannie-freddie
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