Citi analyst Michael Ward raised the firm’s price target on Equitable Holdings to $53 from $41 and keeps a Buy rating on the shares as part of a Q2 preview for the insurance group. The firm expects results to show commercial pricing moderation, unfavorable weather, and varying growth trends in an “excellent robust” auto environment. Life insurance companies are well positioned but not without risk, the analyst tells investors in a research note.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
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 $46 from $44 at Morgan Stanley
- Equitable Holdings price target raised to $52 from $51 at Jefferies
- 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