MetLife rises after TD Cowen starts coverage with 'buy'
** Shares of insurer MetLife MET.N rise as much as 2.1%, last up 1.5% at $84.52
** TD Cowen initiates coverage of MET with a "buy" rating and $97 PT, a 16.5% upside to stock's last close
** Brokerage says MET's market-leading group benefits and international operations position it for 10% plus adjusted EPS growth
** Adds that MET's asset management unit, which manages $588 bln in assets, is under-appreciated by the market
** MET's sizeable exposure to private equity and real estate is more of an opportunity than threat, as both asset classes stand to benefit from lower interest rates - TD Cowen
** Fourteen of 18 brokerages rate the stock "buy" or higher, and four "hold"; median PT is $91 - LSEG
** As of last close, MET shares up 25.9% YTD
Reporting by Arasu Kannagi Basil in Bengaluru
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