GSEs shoot higher on big Bove price target

|By:, SA News Editor

It doesn't take much to get these names moving, and Fannie Mae (FNMA +10.1%) and Freddie Mac (FMCC +10.3%) rocket higher, with Dick Bove appearing on Fox Business saying both are $18 stocks appearing to be today's catalyst.

Bove has been bullish on the companies for awhile, but the $18 price target is a new item.

Last week: Fannie reports big profit; Treasury paid back and more