UPDATE: Citigroup Initiates MetLife at Neutral on Return and Capitalization Headwinds
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
|Jan 2017||Citigroup||Initiates Coverage On||Sell|
|Jan 2017||Deutsche Bank||Upgrades||Hold||Buy|
|Nov 2016||FBR Capital||Downgrades||Outperform||Market Perform|
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.