🔴 Fannie Mae is trading 4.28% down today after a price-target cut to $3.50

Fannie Mae is trading 4.28% lower at $4.47 after Keefe, Bruyette & Woods cut its price target to $3.50 from $6.25.

• On September 28, the analyst maintained an Underperform rating, citing privatization doubts and potential dilution of common shares.
• Major U.S. indexes were down more than 0.5%; broader market weakness may also be adding pressure. No trading-volume information was available in the sources reviewed.