Keefe Bruyette raised the firm’s price target on Brighthouse Financial (BHF) to $60 from $48 and keeps a Market Perform rating on the shares. The Financial Times reported that Brighthouse has hired bankers to explore a sale of the company or a minority equity stake, the analyst tells investors in a research note.
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Read More on BHF:
- Morgan Stanley moving to Not-Rated on Brighthouse Financial after FT report
- Brighthouse Financial upgraded to Overweight from Equal Weight at Barclays
- Brighthouse Financial seeks buyer for whole company or minority stake, FT says
- Brighthouse Financial up 11% after FT says company exploring sale
- Brighthouse Financial working with bankers to explore sale, FT reports