Brighthouse Financial shares are trading lower after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $47 to $43.
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has downgraded Brighthouse Financial's stock from Neutral to Sell and reduced its price target from $47 to $43. This has led to a decrease in Brighthouse Financial's share price.
September 21, 2023 | 4:13 pm
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NEGATIVE IMPACT
Brighthouse Financial's stock has been downgraded by Goldman Sachs from Neutral to Sell, with a reduced price target from $47 to $43. This has negatively impacted the company's share price.
The downgrade by Goldman Sachs, a major financial institution, is a negative signal to the market. This, coupled with a reduced price target, suggests a bearish outlook for Brighthouse Financial's stock, leading to a decrease in its share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100