Analyst Rating Update on MetLife (MET)

MetLife (MET) : 6 brokerage houses believe that MetLife (MET) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on MetLife (MET). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 1.73.

MetLife (MET) : The consensus price target for MetLife (MET) is $50.89 for the short term with a standard deviation of $5.46. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $62, however, the pessimist price target for the company is $44.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Deutsche Bank downgrades its rating on MetLife (NYSE:MET). The rating major has initiated the coverage with hold rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 13, 2016.


MetLife (NYSE:MET): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.36 and $42.25 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.70, notching a gain of 3.53% for the day. The total traded volume was 10,128,053 . The stock had closed at $42.21 on the previous day.

MetLife, Inc. (MetLife) is a provider of life insurance, annuities, employee benefits and asset management. The Companys segments include Retail; Group, Voluntary & Worksite Benefits, and Corporate Benefit Funding. Its three geographic segments are Latin America (collectively, the Americas); Asia, and Europe, the Middle East and Africa (EMEA). In addition, MetLifes Corporate & Other includes MetLife Home Loans LLC (MLHL), the surviving, non-bank entity of the merger of MetLife Bank, National Association (MetLife Bank) with and into MLHL, and other business activities. Through its subsidiaries and affiliates, it operates in the United States, Japan, Latin America, Asia, Europe and the Middle East. The Companys businesses in the Americas offer a range of protection products and services.

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