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Fly News Breaks for November 3, 2015
MBI
Nov 3, 2015 | 07:16 EDT
MKM Partners upgraded MBIA to Buy with a $12 price target on shares. Analyst Harry Fong continues to expect bond insurers and PREPA will come to consensual agreement whereby losses to MBIA will be minimal. Fong expects an agreement prior to PREPA's next scheduled debt service payment in December that is beneficial for both the financial guarantors and places PREPA in a more stable position.
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