FBR Capital Downgrades MetLife (MET) to Market Perform

November 28, 2016 5:53 AM EST
Get Alerts MET Hot Sheet
Price: $54.33 +0.57%

Rating Summary:
    11 Buy, 11 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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FBR Capital downgraded MetLife (NYSE: MET) from Outperform to Market Perform while maintaining a price target of $54.00.

Analyst Randy Binner commented, "Our analysis shows MET shares efficiently discounting spread, tax, and deregulation factors post election, which we model as benefiting the stock price by $7/share. Thus, the risk/reward has become much less attractive. At the same time, the upcoming spin catalyst and associated buyback are now better priced into shares. MET is trading at 100% of its five-year min/max P/E valuation."

For an analyst ratings summary and ratings history on MetLife click here. For more ratings news on MetLife click here.

Shares of MetLife closed at $55.45 yesterday.

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