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Why Brighthouse Financial Stock Blasted Higher This Week

Core Viewpoint - Brighthouse Financial has experienced a significant stock price increase due to reports of the company seeking a buyer, leading to increased investor and analyst optimism [1][2]. Group 1: Company Actions - Brighthouse Financial is reportedly looking to sell itself and has engaged Goldman Sachs and Wells Fargo to assist in this process [2]. - The company is considering offers for both the entire business and minority equity stakes [2]. Group 2: Financial Position - Brighthouse has a substantial investment portfolio valued at $120 billion, which may attract potential buyers, particularly alternative asset managers [3]. Group 3: Analyst Reactions - Following the news, several analysts have raised their price targets for Brighthouse, with Barclays analyst Alex Scott upgrading his recommendation from equal weight to overweight, citing the sale efforts as a key reason [4].