MetLife-Spinoff Brighthouse Financial Impresses Analyst With Business Mix Improvements
Portfolio Pulse from Priya Nigam
Brighthouse Financial (NASDAQ:BHF) has been upgraded by analyst Ryan Krueger from Underperform to Market Perform, despite a 23% YTD loss. The company has improved its business mix and strengthened its variable annuity hedging. The stock is now trading at a more reasonable 2025E free cash flow yield of 13%.
June 17, 2024 | 4:47 pm
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Brighthouse Financial has been upgraded from Underperform to Market Perform by analyst Ryan Krueger. The company has improved its business mix and hedging strategies, and is trading at a more reasonable 2025E free cash flow yield of 13%.
The upgrade from Underperform to Market Perform indicates a positive shift in analyst sentiment. Improvements in business mix and hedging strategies, along with a reasonable free cash flow yield, suggest potential for short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100