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Fly News Breaks for December 17, 2018
MET
Dec 17, 2018 | 09:01 EDT
RBC Capital analyst Mark Dwelle said MetLife's near-term guidance was largely consistent with his previous estimates, outside of LatAm and MetLife Holdings. Following the company's guidance call, Dwelle lowered his earnings expectations for LatAm to better reflect foreign exchange headwinds and the legacy runoff unit and lowered his price target on MetLife shares to $50 from $57 to account for recent multiple contraction seen across the life insurance sector. He maintains an Outperform rating on MetLife shares.
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