Freddie Mac is trading 14.4% lower at $3.15 after Mizuho downgraded the stock to Neutral from Outperform.
- Mizuho cut its price target to $4 from $9, citing a lower likelihood of privatization by 2028, rising mortgage rates and political complications.
- The downgrade is a direct company-specific catalyst; broader market moves are comparatively modest.
- Michael Burry shifted from common shares to junior preferred shares amid dilution concerns.