Brighthouse Financial price target raised to $50 from $44 at Piper Sandler

Piper Sandler analyst John Barnidge raised the firm’s price target on Brighthouse Financial to $50 from $44 and keeps a Neutral rating on the shares ahead of the Q2 report. The analyst says the key earnings contributors for life insurers – fees, spread and underwriting – all had a “confluence of tailwinds” in Q2. Rates improved, which should be constructive for base portfolio yields, the analyst tells investors in a research note.