Wedbush analyst Henry Coffey upgraded Freddie Mac (FMCC) to Outperform from Underperform with a price target of $13.35, up from $2, after transfer in analyst coverage. The firm’s rating, price target and investment outlook are based on its analysis of the implications of a range of options that the Trump Administration might take to recapitalize Freddie Mac, put it on the path to leaving conservatorship, and monetize Treasury’s investments in the company.
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