MBIA stock gains 2.56 percent as KBW cuts target to USD 7.00
AD HOC NEWS
MBIA stock rose 2.56 percent to USD 4.4000 on October 2, 2026, following a second quarter that saw a narrower GAAP loss and reduced exposure to Puerto Rico debt. Despite a maintained "Outperform" rating from KBW, the price target was lowered from USD 7.50 to USD 7.00. The insurer's Q2 2026 consolidated GAAP net loss narrowed to USD 46 million from USD 56 million in Q2 2025, with ongoing efforts to reduce Puerto Rico PREPA exposure.
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