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UPDATE: Morgan Stanley Cuts PT to $42 on MetLife Following Guidance

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MetLife slips a little after bottom line beat (Seeking Alpha)

Morgan Stanley reiterated its Overweight rating on MetLife (NYSE: MET) but lowered its price target from $44 to $42.

Morgan Stanley noted, "MetLife's guidance was modestly disappointing, with both EPS and capital expectations running somewhat below our expectations. That said, their guidance is typically conservative (they typically hit at least the high end), and even with lowered numbers, the valuation multiple on stock is very low."

MetLife closed at $33.61 on Wednesday.

Latest Ratings for MET

DateFirmActionFromTo
Apr 2015Deutsche BankMaintainsBuy
Feb 2015CitigroupMaintainsBuy
Jan 2015Keefe Bruyette & WoodsMaintainsOutperform

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