Keefe, Bruyette & Woods Maintains Outperform on MBIA, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst Thomas McJoynt-Griffith maintains an Outperform rating on MBIA (NYSE:MBI) but lowers the price target from $12 to $10.

May 23, 2023 | 11:30 am
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Keefe, Bruyette & Woods maintains Outperform rating on MBIA (NYSE:MBI) but lowers the price target from $12 to $10.
The news directly mentions MBIA and the lowered price target by Keefe, Bruyette & Woods. However, the Outperform rating is maintained, indicating that the analyst still believes in the stock's potential. The short-term impact on the stock price is neutral as the lowered price target may cause some investors to reconsider their positions, but the maintained Outperform rating signals continued confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100