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UPDATE: Citigroup Initiates MetLife at Neutral on Return and Capitalization Headwinds

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MetLife Announces Tender Offer for Any and All of Its Series B Preferred Shares and Redemption of Any Series B Preferred Shares Not Tendered
Earnings Scheduled For May 6, 2015
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Citigroup initiated coverage on MetLife, Inc. (NYSE: MET) with a Neutral rating and a $37.00 price target.

Citigroup commented, "MET has a strong global insurance franchise, excess capital, and is trading at a discount to the life group. However, given recent lackluster business performance and regulatory uncertainty, we expect the stock to remain “cheap” until returns and capital generation begin to improve."

MetLife closed at $36.05 on Wednesday.

Latest Ratings for MET

DateFirmActionFromTo
May 2015Goldman SachsInitiates Coverage onNeutral
May 2015Deutsche BankMaintainsBuy
Apr 2015Deutsche BankMaintainsBuy

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Posted-In: CitigroupAnalyst Color Initiation Intraday Update Analyst Ratings

 

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