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UPDATE 1-Brighthouse Financial makes a dull debut

(Adds details)

By Aparajita Saxena and Suzanne Barlyn

Aug 7 (Reuters) - Shares of Brighthouse Financial Inc , the U.S. retail insurer spun off from MetLife Inc, fell as much as 6 percent in market debut on Monday as it goes solo in an industry struggling with low interest rates.

Brighthouse's shares touched a low of $60.58 in early trading, giving it a market capitalization of $7.26 billion.

At least five brokerages started coverage of the stock, with the majority having a "market perform" or equivalent rating.

Wells Fargo Securities analyst Sean Dargan said while a stand-alone Brighthouse offers potential upside if markets and interest rates move upward in tandem, he did not view the "risk-reward" favorably at this time.

"If interest rates fall from here or equity markets retrace...