UPDATE: Citi Upgrades Brighthouse Financial, Inc. (BHF) to Neutral

Citi analyst Suneet Kamath upgraded Brighthouse Financial, Inc. (NASDAQ: BHF) from Sell to Neutral with a price target of $46.00 (from $35.00).

The analyst comments "We upgrade BHF to Neutral from Sell, given upside to our revised price target of $46. That said, we continue to like the Buy-rated EQH over BHF pair trade, noting EQH trades at a discount to BHF on P/FCF, which we feel is a meaningful metric for both companies given VA accounting volatility."

For an analyst ratings summary and ratings history on Brighthouse Financial, Inc. click here. For more ratings news on Brighthouse Financial, Inc. click here.

Shares of Brighthouse Financial, Inc. closed at $44.04 yesterday.

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