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BTIG Says Buy the Dip in MBIA, Sees Kapnick Ruling In Favor, BofA Eventually Settling

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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

Jun 2016MKM PartnersMaintainsBuy
Apr 2016Keefe Bruyette & WoodsInitiates Coverage onMarket Perform
Nov 2015MKM PartnersUpgradesNeutralBuy

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