MBIA (MBI) Misses Q4 EPS by 5c
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BTIG Bumps PT on MBIA (MBI) to $13 Following Q4 Results, Stock Buyback Plan
March 1, 2016 11:27 AM ESTBTIG lifts its price target on MBIA, Inc. (NYSE: MBI) from $11 up to $13 following $4 results reported Monday night.
Analsyt Mark Palmer noted that MBIA's Q4 results were highlighted by a new $100 million share repurchase authorization and yet another buyback-driven increase in its adjusted book value (ABV), the company this morning followed up with a conference call that touched on managements thinking about share buybacks going forward; the new business activity and excess capital level at National Public... More
