MetLife price target raised to $89 from $83 at Citi

Citi raised the firm’s price target on MetLife to $89 from $83 and keeps a Buy rating on the shares as part of a Q2 preview for the insurance group. The firm expects results to show commercial pricing moderation, unfavorable weather, and varying growth trends in an “excellent robust” auto environment. Life insurance companies are well positioned but not without risk, the analyst tells investors in a research note.