Market Overview

UPDATE: Deutsche Bank Initiates MetLife at Hold on Interest Pressures, ROE Growth Visibility

Share:
Related MET
MetLife Agricultural Finance Expects Housing Starts To Be 16% Below Consensus
Mid-Day Market Update: Dow Surges 125 Points; Brocade Shares Slide
MetLife to rebrand U.S. retail business (Seeking Alpha)

Deutsche Bank initiated coverage on MetLife, Inc. (NYSE: MET) with a Hold rating and a $38 price target.

Deutsche Bank commented, "MetLife has one of the strongest brands among life insurers, as well as scale and a diverse platform, all of which have allowed it to protect its earnings despite a range of material headwinds. Offsetting these, in our view, are opaque and interest sensitive operations, a somewhat ambiguous 100-300 bps ROE improvement target set to be completed four years from now, a cost of capital that is higher than even the middle of the target range and a regulatory overhang."

MetLife closed at $35.79 on Tuesday.

Latest Ratings for MET

DateFirmActionFromTo
Jul 2016Deutsche BankDowngradesBuyHold
Jul 2016CitigroupMaintainsNeutral
Jul 2016Deutsche BankMaintainsBuy

View More Analyst Ratings for MET
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Initiation Pre-Market Outlook Analyst Ratings

 

Related Articles (MET)

View Comments and Join the Discussion!