Equitable Holdings rises after Jefferies upgrades to 'buy'

Equitable Holdings

11/12/2023 16:37

** Shares of insurer Equitable Holdings  EQH.N  rise 1.6% to
$32.64
    ** Jefferies raises rating to "buy" from "hold", PT to $37
from $28
    ** Brokerage says rating upgrade reflects its expectations
for continued growth in EQH's individual retirement segment and
low valuation
    ** EQH's strong capital position remains well above peer
levels - Jefferies
    ** 11 of 14 brokerages rate the stock "buy" or higher, three
"hold"; their median PT is $35 - LSEG
    ** Up to last close, stock up 11.9% this year

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com))