Raymond James double downgraded Brighthouse Financial (BHF) to Market Perform from Strong Buy without a price target The firm cites the announcement of its deal to be acquired by Aquarian for $70 per share for the downgrade. While there remains 6% upside to the takeout price from here, there are other stocks with more intermediate-term upside potential, the analyst tells investors in a research note.
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Read More on BHF:
- Brighthouse Financial price target raised to $70 from $50 at Keefe Bruyette
- Brighthouse Financial reports Q3 EPS $4.54, consensus $5.06
- Brighthouse Financial Announces Merger with Aquarian Holdings
- M&A News: Brighthouse Stock (BHF) Jumps through the Roof on $4.1B Acquisition Deal
- Brighthouse Financial upgraded to Equal Weight from Underweight at Morgan Stanley