Keefe Bruyette lowered the firm’s price target on MBIA to $6.50 from $7.50 and keeps a Market Perform rating on the shares. The firm trimmed estimates for the financial guarantors and remains on the sidelines despite the stocks’ recent pullback.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MBI: