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Goldman Sachs Projects Upside For Newly Public AXA Equitable In Bullish Initiation
Monday, June 4, 2018 - 3:14pm | 398Financial services company AXA Equitable Holdings Inc (NYSE: EQH) is the largest U.S. IPO to date in 2018. The stock is up 9 percent from its May 9 IPO price, but the company could be well-positioned to deliver additional upside in the quarters ahead, according to Goldman Sachs. The Analyst...
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Goldman's Insurance Pair Trade: Prudential Financial Upgraded, Metlife Downgraded
Monday, June 4, 2018 - 11:18am | 683Life insurance stocks have underperformed the S&P 500 index in 2018 despite an interest rate hike and flat overall performance in equity markets. Investors should be selective in the group, which still has "pockets of opportunity," according to Goldman Sachs. The Analyst Goldman...
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The US Life Insurance Sector: 2 Stocks To Buy, 2 To Sell
Thursday, October 19, 2017 - 8:42am | 765Goldman Sachs initiated coverage of the U.S. life insurance sector with a Neutral view, as the remaining book value questions offset its optimistic view of potential upside. Based on its four value drivers and a bottom-up company analysis, the firm initiated Metlife Inc (NYSE: MET) and...