Freddie Mac is trading at $3.99, down 4.09%, after Keefe Bruyette cut its price target to $3.50 from $6.50.
- The firm kept an Underperform rating, citing lower confidence in privatization and potential dilution of common shares if Treasury-held preferred shares convert.
- Reuters reported global stocks fell as oil rose amid the U.S.-Iran stalemate and markets priced in higher rates; price context shows a continuing decline after Friday’s $4.16 close.