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Bank of America Securities Sticks to Its Buy Rating for Metlife (MET)

Tipranks - Tipranks - Wed Apr 15, 6:29AM CDT

In a report released today, Joshua Shanker from Bank of America Securities maintained a Buy rating on Metlife, with a price target of $99.00.

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According to TipRanks, Shanker is a 4-star analyst with an average return of 6.6% and a 57.61% success rate. Shanker covers the Financial sector, focusing on stocks such as Progressive, Allstate, and Chubb.

In addition to Bank of America Securities, Metlife also received a Buy from Mizuho Securities’s Yaron Kinar in a report issued yesterday. However, on April 9, Evercore ISI maintained a Hold rating on Metlife (NYSE: MET).

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Based on Metlife’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $23.81 billion and a net profit of $809 million. In comparison, last year the company earned a revenue of $18.44 billion and had a net profit of $1.27 billion

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