- Hippo Holdings Inc. (NYSE:HIPO) Board has authorized a stock repurchase program for up to $50 million of its common stock, effective immediately.
- Repurchases under the program may be made in the open market, in privately negotiated transactions, or otherwise.
- The program does not obligate Hippo to acquire any particular amount of its common stock and may be modified, suspended, or terminated at any time at Hippo’s discretion.
- HIPO held cash and investments of $640 million at year-end.
- Price Action: HIPO shares are trading higher by 7.72% at $14.23 on the last check Monday.
Morgan Stanley Maintains Overweight on M&T Bank, Raises Price Target to $240
Morgan Stanley analyst Betsy Graseck maintains M&T Bank (NYSE:MTB) with a Overweight and raises the price target from $222 to $240.
