Jefferies upgraded Equitable Holdings to Buy from Hold with a price target of $37, up from $28. The analyst is constructive on U.S. life insurance for 2024. Companies and investors “appear to have been playing defense of late, and we see the potential for a pivot to offense,” the analyst tells investors in a research note. The firm sees earnings and stock valuation upside from higher rates, stable credit and highlights management commentary on the favorable environment for growth.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on EQH:
- Equitable Holdings downgraded to Market Perform at Keefe Bruyette
- Equitable Holdings to join S&P MidCap 400 Index
- Houlihan Lokey, Equitable Holdings to be added to S&P 400 at open on 12/18
- Equitable Holdings reports Q3 adjusted EPS $1.30, consensus $1.34
- EQH Upcoming Earnings Report: What to Expect?
