Monday, July 13, 2020 10:04:26 AM
Instinet calculates the potential upside on Fannie Mae stock at just over 125%
from a closing price Thursday of $2.22 and a price target of $5.00.
The firm rates the shares a Buy.
Freddie Mac’s potential upside is 124%,
based on a closing price Thursday of $2.23 and a price target of $5.00.
Like Fannie, Freddie is rated as a Buy.
Instinet analyst Matthew Howlett notes that not included in the EPS estimates are realized/unrealized pretax gains of $155 million and $1.2 billion for Fannie and Freddie, respectively, compared to losses of $434 million and $835 million, respectively, in the first quarter.
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