✉news BusinessRetail first seen 3 h ago, last 3 h ago, peak #11
Fannie Mae and Freddie Mac slide as privatization doubts grow
Original: FNMA, FMCC Head For September Slump As Analyst Cuts Targets On Privatization Doubts: Retail’s Losing Faith Too
Shares of Fannie Mae (FNMA) and Freddie Mac (FMCC) are heading for a slump in September after an analyst cut price targets on the mortgage giants, citing growing doubts that their privatization will move forward. Retail investors, long among the stocks' most vocal backers, are also losing faith, adding to pressure on the two government-sponsored enterprises.
Why now: An analyst downgrade on privatization prospects is rattling retail holders of the mortgage giants.
Evidence
- FNMA, FMCC Head For September Slump As Analyst Cuts Targets On Privatization Doubts: Retail’s Losing Faith Too · TradingView
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