🔴 Freddie Mac is trading 4.3% down today after Keefe, Bruyette & Woods cut target to $3.50

Freddie Mac is trading 4.3% lower at $3.83 after Keefe, Bruyette & Woods cut its price target to $3.50 from $6.50, maintaining an Underperform rating.

• The analyst cited declining privatization confidence and potential common-share dilution if Treasury-held preferred shares convert.
• A September 29 report said the weekend cut continued pressuring shares and cited no separate Freddie Mac announcement.
• Broader indexes were only slightly lower, making the company-specific analyst action the more direct explanation.