Keefe, Bruyette & Woods Upgrades Federal National Mortgage Association (OTCMKTS:FNMA) to “Market Perform”

Federal National Mortgage Association (OTCMKTS:FNMAGet Free Report) was upgraded by analysts at Keefe, Bruyette & Woods from an “underperform” rating to a “market perform” rating in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a $1.25 price target on the financial services provider’s stock, up from their previous price target of $1.00. Keefe, Bruyette & Woods’ price target suggests a potential upside of 13.64% from the stock’s current price.

Federal National Mortgage Association Stock Performance

Shares of OTCMKTS FNMA opened at $1.10 on Thursday. Federal National Mortgage Association has a 1 year low of $0.39 and a 1 year high of $1.15. The company’s 50-day moving average is $0.84 and its 200 day moving average is $0.67.

About Federal National Mortgage Association

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Federal National Mortgage Association provides financing solutions for mortgages in the United States. The company operates through two segments, Single-Family and Multifamily. The Single-Family segment securitizes and purchases single-family fixed-rate or adjustable-rate, first-lien mortgage loans, or mortgage-related securities backed by these loans; and loans that are insured by Federal Housing Administration, loans guaranteed by the Department of Veterans Affairs and Rural Development Housing and Community Facilities Program of the U.S.

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