Morgan Stanley raised the firm’s price target on Equitable Holdings to $46 from $44 and keeps an Overweight rating on the shares. On average for the Life Insurance group, the firm’s Q2 EPS estimates declined 2% from prior estimates, noted the analyst, who points out that stocks with more negative revisions include Corebridge (CRBG) and Equitable (EQH), where the firm tempers expectations for their Individual Retirement segments, and Lincoln (LNC), where it updated expectations for the recovery of its Life segment and Corporate segment. Stocks with more positive revisions include Jackson (JXN) and Principal (PFG), which the firm says may see benefits from higher average equity markets.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQH:
- Equitable Holdings price target raised to $44 from $43 at Keefe Bruyette
- Equitable Holdings price target raised to $45 from $36 at JPMorgan
- Equitable Holdings price target raised to $51 from $46 at Jefferies
- Equitable Holdings Issues Securities and Projects Earnings Impact
- Equitable Holdings cut to Neutral at UBS on likely peak in net interest income