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BHF

Brighthouse Financial

$37.30

0.16 (0.43%)

, LNC

Lincoln National

$62.09

0.97 (1.59%)

07:32
04/04/19
04/04
07:32
04/04/19
07:32

Citi downgrades Brighthouse to Sell, continues to prefer Lincoln National

Citi analyst Suneet Kamat downgraded Brighthouse Financial to Sell from Neutral and lowered his price target for the shares to $35 from $39. The recent decline in long-term interest rates and the forward curve could negatively impact Brighthouse's ability to generate free cash flow from its variable annuity business, Kamat tells investors in a research note. The analyst re-based his base case for the stock and continues to prefer shares of Lincoln National (LNC) over Brighthouse Financial.

BHF

Brighthouse Financial

$37.30

0.16 (0.43%)

LNC

Lincoln National

$62.09

0.97 (1.59%)

  • 02

    May

BHF Brighthouse Financial
$37.30

0.16 (0.43%)

03/07/19
SDLR
03/07/19
DOWNGRADE
SDLR
Hold
Brighthouse Financial downgraded to Hold from Buy at Sandler O'Neill
03/07/19
SDLR
03/07/19
DOWNGRADE
Target $42
SDLR
Hold
Brighthouse downgraded to Hold following early year rally at Sandler O'Neill
As previously reported, Sandler O'Neill analyst John Barnidge downgraded Brighthouse Financial to Hold from Buy, noting that the stock has been the best performing life insurer in its peer group year-to-date. Stating that his downgrade is not a valuation call, Barnidge said he would anticipate a reversal in book value when the company reports earnings following the performance of the company's hedging program during the volatile financial market environment during Q4. The former CFO was "the face of the hedging program to the investment community" and the new CFO will likely be an external hire and not be in place for several months, believes Barnidge, who thinks this creates a level of uncertainty. He maintained his 2019 and 2020 EPS estimates for Brighthouse and lowered his price target on the shares to $42 from $43.
03/07/19
03/07/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. United Natural Foods (UNFI) downgraded to Sell from Hold at Pivotal Research with analyst Ajay Jain saying the potential for more disappointment remains following "continued operational setbacks" related to the Supervalu acquisition. 2. AB InBev (BUD) downgraded to Sector Perform from Top Pick at RBC Capital with analyst James Jones saying without further "transformational" acquisitions," AB InBev is unlikely to see incremental margin growth. 3. Toll Brothers (TOL) and Meritage Homes (MTH) were downgraded to Underweight from Neutral at JPMorgan. 4. Brighthouse Financial (BHF) downgraded to Hold from Buy at Sandler O'Neill with analyst John Barnidge saying the stock has been the best performing life insurer in its peer group year-to-date. Stating that his downgrade is not a valuation call. 5. Pengrowth (PGH) downgraded to Underperform from Sector Perform at National Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
04/04/19
SBSH
04/04/19
DOWNGRADE
Target $35
SBSH
Sell
Brighthouse Financial downgraded to Sell from Neutral at Citi
Citi analyst Suneet Kamat downgraded Brighthouse Financial to Sell from Neutral and lowered his price target for the shares to $35 from $39.
LNC Lincoln National
$62.09

0.97 (1.59%)

11/05/18
KBWI
11/05/18
UPGRADE
Target $80
KBWI
Outperform
Lincoln National upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette analyst Ryan Krueger upgraded Lincoln National to Outperform with a price target of $80. The company is producing "consistent" results while trading at a discount, Krueger tells investors in a research note.
12/12/18
BMOC
12/12/18
NO CHANGE
Target $69
BMOC
Market Perform
Athene Holding price target raised to $69 from $65 at BMO Capital
BMO Capital analyst James Fotheringham raised his price target on Athene Holding (ATH) to $69 and also raised his FY18 EPS view by 11c to $6.05 and FY19 view by 63c to $7.82. The analyst cites the company completing its $7.7B block reinsurance transaction with Lincoln Financial Group (LNC) - its second meaningful deal in two weeks - which he sees generating returns "near the low end" of the company's mid- to high-teens target return on deployed capital. Fotheringham also points to Athene Holdings' $250M buyback authorization, anticipating it to be 2%-3% accretive. The analyst maintains his Market Perform view on the shares, stating that while he is optimistic about its potential growth, he sees even better opportunities elsewhere in his coverage universe of large-cap banks, specialty lenders, and financial technology stocks.
01/08/19
WELS
01/08/19
INITIATION
Target $63
WELS
Market Perform
Lincoln National resumed with a Market Perform at Wells Fargo
Wells Fargo analyst Elyse Greenspan resumed coverage of Lincoln National with a Market Perform rating and $63 price target. The analyst thinks the stock's risk/reward is neutral given its "higher beta and market sensitivity compared to peers."
01/09/19
LEHM
01/09/19
NO CHANGE
LEHM
Barclays downgrades Life Insurance sector to Neutral from Positive
Barclays analyst Jay Gelb downgraded the U.S. Life Insurance sector to Neutral from Positive because he doubts valuations will improve in a volatile environment. A sub-3% yield on 10-year Treasuries, a flat yield curve, declining equity markets and long-term care insurance risks are viewed as factors in the "substantial de-rating of life insurer valuations," Gelb tells investors in a research note. The analyst prefers the Property and Casualty sector based on its "lower beta and less exposure to a volatile macro environment." As part of the sector rating change, the analyst upgraded Ameriprise Financial (AMP) to Overweight from Equal Weight. He also continues to see value in Prudential (PRU), Unum Group (UNM) and Lincoln National (LNC). His Underweight rated names are Brighthouse Financial (BHF) and Torchmark (TMK).

TODAY'S FREE FLY STORIES

CBZ

CBIZ

$20.59

-0.005 (-0.02%)

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NGD

New Gold

$0.88

0.0253 (2.96%)

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MTSI

Macom

$15.86

-0.33 (-2.04%)

06:42
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CBZ

CBIZ

$20.59

-0.005 (-0.02%)

06:42
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BIP

Brookfield Infrastructure

$41.62

-0.03 (-0.07%)

06:42
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Brookfield Infrastructure rating change  »

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WYNN

Wynn Resorts

$144.35

1.35 (0.94%)

06:42
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  • 07

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ALXN

Alexion

$130.12

-2.24 (-1.69%)

06:41
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Earnings
Alexion raises FY19 adj. EPS view to $9.25-$9.45 from $9.10-$9.30 »

FY19 consensus $9.31.…

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LUV

Southwest

$52.92

0.11 (0.21%)

06:40
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Earnings
Southwest reports Q1 EPS 70c, consensus 61c »

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MMM

3M

$219.24

-0.28 (-0.13%)

06:39
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Hot Stocks
Breaking Hot Stocks news story on 3M »

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EQT

EQT Corporation

$20.75

-0.26 (-1.24%)

06:39
04/25/19
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Earnings
EQT Corporation reports Q1 adjusted EPS 83c, consensus 74c »

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  • 25

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ALXN

Alexion

$130.12

-2.24 (-1.69%)

06:38
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Earnings
Alexion reports Q1 adjusted EPS $2.39, consensus $2.19 »

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BWA

BorgWarner

$43.50

-0.135 (-0.31%)

06:38
04/25/19
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Earnings
BorgWarner backs FY19 EPS view $4.00-$4.35, consensus $4.20 »

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  • 25

    Apr

SSNLF

Samsung

$0.00

(0.00%)

, BTC

Bitcoin

$0.00

(0.00%)

06:37
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06:37
Periodicals
Samsung plans to develop its own Ethereum-based blockchain, token, TNW reports »

Samsung is planning to…

SSNLF

Samsung

$0.00

(0.00%)

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

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VLO

Valero

$87.75

-2.53 (-2.80%)

06:36
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Valero says expects to invests about $2.5B of capital in 2019, 2020 »

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BWA

BorgWarner

$43.50

-0.135 (-0.31%)

06:36
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Earnings
BorgWarner sees Q2 adj. EPS 99c-$1.05, consensus $1.07 »

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VLO

Valero

$87.75

-2.53 (-2.80%)

06:36
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Earnings
Valero reports Q1 EPS 34c, consensus 29c »

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XRX

Xerox

$33.68

-0.53 (-1.55%)

06:35
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MMM

3M

$219.24

-0.28 (-0.13%)

06:35
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MMM

3M

$219.24

-0.28 (-0.13%)

06:34
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XRX

Xerox

$33.68

-0.53 (-1.55%)

06:34
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Earnings
Xerox reports Q1 adjusted EPS 91c, consensus 78c »

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BWA

BorgWarner

$43.50

-0.135 (-0.31%)

06:34
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Earnings
BorgWarner reports Q1 adj. EPS $1.00, consensus 95c »

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  • 25

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NTDOY

Nintendo

$0.00

(0.00%)

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  • 08

    Jun

MMM

3M

$219.24

-0.28 (-0.13%)

06:33
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3M to cut 2,000 positions worldwide »

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LLEX

Lilis Energy

$1.11

-0.045 (-3.90%)

06:32
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  • 20

    May

NTDOY

Nintendo

$0.00

(0.00%)

06:32
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Breaking Earnings news story on Nintendo »

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  • 08

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