Wells Fargo Maintains Equal-Weight on Brighthouse Finl, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Elyse Greenspan maintains an Equal-Weight rating on Brighthouse Financial (BHF) and lowers the price target from $51 to $50.

May 10, 2024 | 3:32 pm
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Wells Fargo has maintained its Equal-Weight rating on Brighthouse Financial but reduced the price target from $51 to $50.
The reduction in price target by a reputable analyst like Elyse Greenspan could lead to a negative short-term sentiment among investors, potentially causing a slight decrease in BHF's stock price. The maintenance of an Equal-Weight rating suggests that the analyst sees the stock as fairly valued at its current level, but the lowered price target indicates a slight adjustment in valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100