BTIG Says Buy the Dip in MBIA, Sees Kapnick Ruling In Favor, BofA Eventually Settling
BTIG Financial's Mark Palmer defended shares of MBIA (NYSE: MBI) in an earlier blog post following the company's Q4 results and news of "substantial doubt" on MBIA Corps. going concern ability.
The stock has been down around 3 percent for most of Thursday's session.
Palmer recommended investors buy the dip in shares as he expects New York Justice Kapnick to rule in favor of MBIA related to the Article 78 proceeding. Palmer sees upside amid the eventual settling by BofA.
BTIG maintains a Buy rating on shares of MBIA.
Latest Ratings for MBI
|Apr 2016||Keefe Bruyette & Woods||Initiates Coverage on||Market Perform|
|Nov 2015||MKM Partners||Upgrades||Neutral||Buy|
|Jun 2015||BTIG Research||Downgrades||Buy||Neutral|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.