As previously reported, Wells Fargo analyst Elyse Greenspan downgraded Brighthouse Financial to Underweight from Equal Weight with a price target of $40, down from $51, as the firm takes a more cautious/defensive view across the insurance sector. Brighthouse Financial has to work to improve its capital position with the drop in RBC in the quarter and has more macro-exposure than peers, Wells notes.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BHF:
- Brighthouse Financial Updates on Quarterly Earnings Call
- Brighthouse Financial reports Q2 adjusted EPS $5.57, consensus $4.37
- Jackson Financial price target raised to $80 from $73 at Jefferies
- Brighthouse Financial price target raised to $63 from $59 at Jefferies
- Brighthouse Financial price target raised to $59 from $54 at Jefferies
Questions or Comments about the article? Write to editor@tipranks.com