MetLife (NYSE:MET) Given New $93.00 Price Target at Morgan Stanley

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Morgan Stanley has lowered its price target for MetLife (NYSE:MET) from $101.00 to $93.00, while maintaining an “overweight” rating. This new price target suggests a potential upside of approximately 30.7% from MetLife’s recent closing price. Despite a quarterly earnings beat ($2.49 EPS vs. $2.34 expected and 27.6% revenue growth), the company’s shares experienced a 2.8% dip to $71.17.

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