Freddie Mac is trading at $3.64, up 6.43%, after Wedbush initiated coverage with an Outperform rating and a $6.00 price target, a fresh analyst endorsement that may be supporting the move.
- The move stands out against a broadly weaker market: the S&P 500 was down 1.26% and Nasdaq was down 2.27%.
- Bill Ackman’s renewed call to end conservatorship was reported October 22, but the article does not establish it as the day’s direct catalyst.