B. Riley analyst Randy Binner lowered the firm’s price target on Fannie Mae (FNMA) to $8.50 from $10 and keeps a Neutral rating on the shares post the Q4 report. The company posted an earnings miss as its net worse continues to increase, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FNMA:
- Unlocking FNMA’s Franchise Value: Profitable Core, Easing Policy Headwinds, and a Pathway Out of Conservatorship
- Bill Ackman Reveals New Position in Meta Stock, Exits Hilton
- Fannie Mae reports Q4 net income $3.5B vs. $4.1B last year
- FNMA Earnings this Week: How Will it Perform?
- FHFA Re-Elects Fannie Mae Board, Ensuring Leadership Continuity