MetLife price target lowered to $76 from $83 at RBC Capital

RBC Capital analyst Mark Dwelle lowered the firm’s price target on MetLife to $76 from $83 but keeps an Outperform rating on the shares. The analyst is updating the firm’s model to reflect the recently recast financial statements that incorporate new LDTI accounting standards. The firm remains positive on the stock however, noting that MetLife is trading at an attractive valuation and offers relatively lower sensitivity to interest rates and market volatility.