Markets

MetLife Downgraded to “Equal-weight” at Morgan Stanley (MET)

Insurance giant MetLife, Inc. ( MET ) on Friday caught a big downgrade from analysts at Morgan Stanley, who cited domestic headwinds as being a drag on earnings.

The New York-based insurer was downgraded from "Overweight" to "Equal-weight." Last month, MetLife reported third quarter earnings that fell short of analyst expectations, despite swinging to a profit following last year's third quarter net loss.

MetLife shares fell 38 cents, or -1%, in premarket trading Friday.

The Bottom Line

Shares of Metlife ( MET ) have a 1.84% dividend yield, based on last night's closing stock price of $40.13. The stock has technical support in the $36-$37 price area. If the shares can firm up, we see overhead resistance around the $43-$44 price levels.

MetLife, Inc. ( MET ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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