Wedbush Remains a Buy on Freddie Mac (FMCC)
Wedbush analyst Henry Coffey maintained a Buy rating on Freddie Mac today and set a price target of $13.35.
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According to TipRanks, Coffey is a 5-star analyst with an average return of 23.9% and a 57.69% success rate.
In addition to Wedbush, Freddie Mac also received a Buy from BTIG’s Eric Hagen in a report issued yesterday. However, on February 4, TipRanks – Google reiterated a Hold rating on Freddie Mac (Other OTC: FMCC).
Based on Freddie Mac’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $5.74 billion and a net profit of $2.77 billion. In comparison, last year the company earned a revenue of $6.03 billion and had a net profit of $3.11 billion
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