Freddie Mac is trading 7.3% lower at $2.92 after Mizuho downgraded it to Neutral from Outperform on October 12, citing weaker prospects for privatization by 2028 and political complications.
- Mizuho also lowered its price target from $9 to $4.
- The decline coincides with broader risk-off trading after hotter-than-expected inflation revived concerns about higher interest rates.
- Available reporting links Mizuho’s action to pressure on Freddie Mac but identifies no separate new company announcement on October 15.