JP Morgan Downgrades Equitable Hldgs to Neutral, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Jimmy Bhullar has downgraded Equitable Holdings (EQH) from Overweight to Neutral, while also increasing the price target from $35 to $36.

January 03, 2024 | 11:38 am
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NEUTRAL IMPACT
Equitable Holdings was downgraded by JP Morgan from Overweight to Neutral, although the price target was raised from $35 to $36.
The downgrade to Neutral suggests that JP Morgan sees limited upside potential for EQH, which could temper investor enthusiasm. However, the increase in the price target to $36 indicates a slight improvement in the valuation outlook. The mixed nature of this update may result in a neutral short-term impact on the stock price, as the market digests both the downgrade and the increased price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100