Goldman Sachs Upgrades MetLife (MET) to Buy

Goldman Sachs upgraded MetLife (NYSE: MET) from Neutral to Buy with a price target of $41 (up from $40).

The firm said "shrinking VA sales will be followed by further initiatives to increase focus on its higher returning global initiative and return of capital when it (finally) abandons Fed oversight."

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 $32.90 yesterday.

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