MetLife and PNC Both Upgraded at Citigroup (MET, PNC)

Insurance provider MetLife, Inc. ( MET ) and regional banker PNC Financial Services ( PNC ) both caught some positive sentiment on Monday from analysts at Citigroup. The firm said it boosted its price target on MET to $54, which implies a 17% upside to the stock’s Friday closing price of $46.21. Citi also maintained its “Buy” rating on MET and raised its earnings estimates, citing high expected return on equity. Meanwhile, the analyst said it raised its earnings estimates for PNC through 2012, citing the company’s strong capital position and improving credit trends. Citi maintained its “Hold” rating on PNC and introduced a new $70 price target, which implies a 15% upside to the stock’s Friday closing price of $60.83. MetLife and PNC shares were both mostly flat in premarket trading Monday. The Bottom Line Shares of Metlife ( MET ) have a 1.60% dividend yield, based on Friday’s closing stock price of $46.21. Shares of PNC Financial ( PNC ) have a .66% dividend yield, based on last night’s closing stock price of $60.83. MetLife, Inc. ( MET ) and PNC Financial Services ( PNC ) are both currently rated “Neutral,” holding Dividend.com DARS™ Ratingsof 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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MetLife and PNC Both Upgraded at Citigroup (MET, PNC)

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