News Breaks January 13, 2012 07:40 EDT MET theflyonthewall.com: MetLife downgraded to Market Perform from Strong Buy at Raymond James Raymond James downgraded MetLife citing relative valuation. :theflyonthewall.com
That's 20%. Are you surprised people are taking profits or adjusting to the new price?
Not surprised at all.But I bet you`ll be surprised when this shakes out and MET continues its upward trend.You just keep on Shorting Neff and we`ll keep pocketing your Money.The BIG fearfull Downgrade you`ve been ranting about cost met 0.69, bet you hadn`t counted on that.
Downgrade does not make any sense. I sold my Jan call option at profit two days ago (sold little too early) so I don't have any position in MET. But PE of 7? It should be trading at $50s. I think Goldman's call make much more sense on these insurance stock.