MetLife slips as Piper Sandler downgrades to 'neutral'

Metlife

19/09/2025 11:48

** Shares of insurer MetLife MET.N fall 1.2% to $78.11 in premarket trading

** Piper Sandler downgrades stock rating to "neutral" from "overweight"

** Brokerage says as interest rates rise, competition among institutions that earn money from interest rate differences is expected to get tougher

    ** With more capital entering the market from alternative asset managers and mutual funds, MetLife’s positioning in the space could be challenged, brokerage says

    ** Stock rated "buy" on average; median PT is $93, per data compiled by LSEG

** As of last close, MET is down ~3.4% this year

 (Reporting by Akriti Shah in Bengaluru)

 ((akriti.shah@thomsonreuters.com))