MetLife (MET) Bullish Stance Reiterated at BofA/Merrill Lynch Amid 'Strong Beat'
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Rating Summary:
18 Buy, 6 Hold, 0 Sell
Rating Trend: Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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BofA/Merrill Lynch analyst Seth Weiss reiterated a Buy rating and $67 price target on MetLife (NYSE: MET) following a "strong beat" in Q3.
"Adjusting for non-normal items, MET would have reported EPS of $1.51, still well above consensus and our adjusted estimate of $1.40," the analyst said.
Weiss noted a return to normalcy across operating segments, a beat in Corporate which was not immaterial, interest rate dependent businesses holding up well, and the company returned to buybacks with $438M in the quarter.
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 $52.31 yesterday.
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