UPDATE - BTIG Initiates Coverage on MBIA (MBI) with a Buy; Looking for Resolution to Challenging Transformation
Tweet
Share
E-mailGet Alerts MBI Hot Sheet
Price: $4.79 -0.62%
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 13 | New: 20
Rating Summary:
5 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 13 | New: 20
Join SI Premium – FREE
UPDATE - BTIG initiates coverage on MBIA (NYSE: MBI) with a Buy rating. PT $22.50.
BTIG analyst said, "Given our view that the challenges to MBIA’s transformation will be resolved through a settlement and that its shares could nearly triple in a post-announcement short squeeze, we believe MBIA offers one of the market’s most compelling risk-reward propositions."
"Following almost four years of uncertainty during which its status as a viable entity has been in question, MBIA appears closer to resolving the various challenges it faces, unlocking the value of National Public Finance Guaranty Corporation – the company’s public finance unit – to the benefit of shareholders, and resuming its role as one of the last remaining players thin that industry."
"We would note that the large short interest in the stock relative to its float– 28.5mm shares short versus a float of 140.4mm shares – combined with highly concentrated institutional ownership could set the stage for a dramatic short squeeze as short sellers might have to scramble to find shares to cover."
To see more ratings on MBI, Click Here
BTIG analyst said, "Given our view that the challenges to MBIA’s transformation will be resolved through a settlement and that its shares could nearly triple in a post-announcement short squeeze, we believe MBIA offers one of the market’s most compelling risk-reward propositions."
"Following almost four years of uncertainty during which its status as a viable entity has been in question, MBIA appears closer to resolving the various challenges it faces, unlocking the value of National Public Finance Guaranty Corporation – the company’s public finance unit – to the benefit of shareholders, and resuming its role as one of the last remaining players thin that industry."
"We would note that the large short interest in the stock relative to its float– 28.5mm shares short versus a float of 140.4mm shares – combined with highly concentrated institutional ownership could set the stage for a dramatic short squeeze as short sellers might have to scramble to find shares to cover."
To see more ratings on MBI, Click Here
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Deutsche Bank Starts Ardagh Metal Packaging S.A. (AMBP) at Hold
- Barclays Starts Bitdeer Technologies Group (BTDR) at Overweight
- Lucid Capital Markets Starts Eloxx Pharma (ELOX) at Buy
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
