Odeon Capital Downgrades Freddie Mac (FMCC) to Sell

Odeon Capital analyst Dick Bove downgraded Freddie Mac (OTC: FMCC) from Hold to Sell.

Bove commented, "My sense of these hearings is that the release of the two companies from their conservatorships any time in the next few years is highly unlikely. Therefore, I simply do not want to own the common shares of these firms. The ratings on these two stocks is being set at Sell down from Hold."

For an analyst ratings summary and ratings history on Freddie Mac click here. For more ratings news on Freddie Mac click here.

Shares of Freddie Mac closed at $1.94 yesterday.

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