JPMorgan Upgrades Brighthouse to Neutral but Lowers Price Target to $55

JPMorgan upgraded Brighthouse Financial from Underweight to Neutral while cutting its price target from $63 to $55, signaling a less negative stance but lower expectations for the stock. Keefe, Bruyette & Woods also lowered its target to $55 from $57 and maintained a Market Perform rating. Brighthouse’s latest reported quarterly results fell short of analyst estimates for both earnings and revenue, while analysts overall have a Hold consensus rating.