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Fly News Breaks for January 2, 2018
LNC, BHF
Jan 2, 2018 | 06:31 EDT
JPMorgan analyst Jimmy Bhullar downgraded Brighthouse Financial (BHF) to Underweight and cut his price target for the shares to $61 from $70. "Poor" return on equity, marginal capital generation and challenging business trends will preclude an expansion in the stock's valuation multiple, Bhullar tells investors in a research note. The analyst prefers shares of Lincoln National (LNC) over Brighthouse.