- The shares of MetLife Inc (NYSE: MET) have received a price target increase from $58 to $64. These are the details.
The shares of MetLife Inc (NYSE: MET) have received a price target increase from $58 to $64. And JPMorgan analyst Jimmy Bhullar is maintaining an “Overweight” rating on the company shares.
Bhullar noted that the outlook for life insurance stocks have been less upbeat and is expecting the long-term business fundamentals to be lackluster due to weaker returns on equity and modest top-line growth.
But he believes that the prospect of further interest rate increases and the government support of credit are key factors for the industry as a whole.
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