Market Overview

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

Share:
Related MET
Insurance Stocks May Have Risen Too Far Too Fast
The Market In 5 Minutes: Castro, Trump And Oil In Focus
–… Stocks for Using a Benjamin Graham Value Investing Strategy (GuruFocus)

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
Nov 2016FBR CapitalDowngradesOutperformMarket Perform
Oct 2016Credit SuisseInitiates Coverage onNeutral
Jul 2016Deutsche BankDowngradesBuyHold

View More Analyst Ratings for MET
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Initiation Intraday Update Analyst Ratings

 

Related Articles (MET)

View Comments and Join the Discussion!