Five Months from Initial 'Buy' to 'Neutral': Mizuho Downgrades GSEs as Privatization Expectations Cool Rapidly

Zhito Finance APP has learned that Mizuho Securities recently downgraded Fannie Mae (FNMA.US) and Freddie Mac (FMCC.US) from "Buy" to "Neutral," halving both price targets: Fannie Mae from $10 to $5, and Freddie Mac from $9 to $4. This comes just five months after Mizuho initiated coverage with a "Buy" rating.