Truist analyst Mark Hughes raised the firm’s price target on Equitable Holdings to $44 from $40 and keeps a Buy rating on the shares. The company’s Q1 results featured “elevated growth” and a “healthy” balance sheet, the analyst tells investors in a research note. The firm remains postive on Equitable Holdings’ “solid position” in the U.S. retirement savings market, with a number two position in sales of variable annuities.
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