Fannie Mae-No Politics (FNMA)

[vincen71]

GSEs shoot higher on big Bove price target
02:49 PM ET · FNMA

It doesn't take much to get these names moving, and Fannie Mae (FNMA +10.1%) and Freddie Mac (FMCC +10.3%) rocket higher, with Dick Bove appearing on Fox Business saying both are $18 stocks appearing to be today's catalyst.
Bove has been bullish on the companies for awhile, but the $18 price target is a new item.
Last week: Fannie reports big profit; Treasury paid back and more
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