Piper Sandler analyst John Barnidge raised the firm’s price target on MetLife to $92 from $85 and keeps an Overweight rating on the shares. The firm notes “lifecoland” largely traded higher in Q3 with outperformance seen by fee and underwriting portions of the universe while many spread-focused companies have been challenged driven by concerns about spread income, sales and actuarial assumption reviews. Piper continues to favor underwriters.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MET:
- MetLife price target raised to $95 from $89 at Jefferies
- MetLife price target raised to $88 from $84 at Evercore ISI
- MetLife put volume heavy and directionally bearish
- Snap CEO Evan Spiegel gives updates, strategy for digital advertising business
- MetLife initiated with an Overweight at Barclays