As noted earlier, RBC Capital upgraded MetLife to Outperform from Sector Perform. As reasons for the upgrade, the firm cited its belief that MetLife may launch another share repurchase, as well as its contention taht the company may be better positioned than any other publicly traded life insurer to benefit from the rise in interest rates. RBC adds that, as investors seem to be more focused than ever on cash earnings, MetLife's cash earnings have been rising steadily, while its ratio of cash earnings to total earnings should continue to increase. Target $68.