MBIA Inc (MBI) Gets a Buy Rating from BTIG

By Austin Angelo

BTIG analyst Giuliano Bologna reiterated a Buy rating on MBIA Inc (MBIResearch Report) on August 7 and set a price target of $14. The company’s shares closed on Friday at $9.08.

According to TipRanks.com, Bologna is a 1-star analyst with an average return of -4.8% and a 57.1% success rate. Bologna covers the Financial sector, focusing on stocks such as Credit Acceptance Corp, Santander Consumer USA, and Assured Guaranty Ltd.

MBIA Inc has an analyst consensus of Moderate Buy, with a price target consensus of $14.

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Based on MBIA Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $39 million and GAAP net loss of $170 million. In comparison, last year the company had a GAAP net loss of $146 million.

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MBIA, Inc. operates as holding company. Through its subsidiaries, it provides financial guarantee insurance, related reinsurance, advisory and portfolio services, and asset management advisory services. It operates through the following business segments: U.S. Public Finance Insurance, Corporate, and International and Structured Finance Insurance.