Equitable Holdings price target lowered to $32 from $33 at Barclays

Barclays lowered the firm’s price target on Equitable Holdings to $32 from $33 and keeps an Overweight rating on the shares. The analyst is “incrementally more cautious” about the time frame of auto pricing inflecting with loss trend, now early 2025 from late 2024. In the meantime, the firm is “more constructive” on reinsurance and commercial lines sectors heading into the Q3 reports.