MetLife (MET) Bullish Stance Reiterated at BofA/Merrill Lynch Amid 'Strong Beat'

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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