Piper Sandler analyst John Barnidge raised the firm’s price target on MetLife to $78 from $73 and keeps an Overweight rating on the shares. The firm notes Lifeco. stocks continued to trade higher as concerns around credit and surrenders appear to have receded as rates backed off highs. Claims remain benign, but Piper is transitioning from seasonally strongest mortality quarter to winter months elevation. Risk transfers remain a key focus and secular theme with the emergence of more 3rd-party vehicles, it adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MET:
- MetLife CFO says ‘quality will win out in every class of real estate’
- 5 Top Financial Stocks to Buy Now, According to Analysts – November 2023
- Airbnb downgraded, Expedia upgraded: Wall Street’s top analyst calls
- MetLife reinstated with an Overweight at Barclays
- MetLife completes risk transfer transaction with Global Atlantic Financial Group