🔴 Fair Isaac is trading 10.32% down in pre-market after keeping mortgage-score price at $10

Fair Isaac is trading $731.13 (-10.32%) after announcing it would keep its wholesale mortgage-score price at $10 amid competition.

• The $10 price is more than double VantageScore’s roughly $4. Investors had watched for a cut as Fannie Mae and Freddie Mac open up to VantageScore 4.0.
• Wells Fargo downgraded the shares and cut its target to $735 from $800, citing weaker confidence in near-term earnings; UBS also lowered its target.
• Major U.S. indices were slightly higher.