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Fly News Breaks for January 16, 2019
MET
Jan 16, 2019 | 07:16 EDT
As previously reported, BofA/Merrill upgraded MetLife to Buy from Neutral and raised its price target to $53 from $50. Analyst Jay Cohen said quality concerns are diminishing as management addresses past issues and believes the business mix has notably changed for the positive following the Brighthouse spin. Cohen believes shares should be awarded a higher multiple than the market is assigning on earnings.
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