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

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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
Oct 2017Goldman SachsInitiates Coverage OnBuy
Oct 2017FBR CapitalDowngradesBuyNeutral
Oct 2017Morgan StanleyMaintainsEqual-Weight

View More Analyst Ratings for MET
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Price Target Intraday Update Analyst Ratings

 

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