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

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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
Jul 2016Deutsche BankDowngradesBuyHold
Jul 2016Deutsche BankMaintainsBuy
Jul 2016CitigroupMaintainsNeutral

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Posted-In: CitigroupAnalyst Color Initiation Intraday Update Analyst Ratings

 

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