Morgan Stanley Lowers PT on Equitable Holdings (EQH) to $67 From $68, Keeps an Overweight Rating
Equitable Holdings, Inc. (NYSE:EQH) is one of the best cheap strong buy stocks to buy now. On August 18, Morgan Stanley lowered the firm’s price target on Equitable Holdings, Inc. (NYSE:EQH) to $67 from $68, keeping an Overweight rating on the shares.
An elderly couple in a garden with a laptop, representing how the company empowers its customers to make the best retirement and tax-deferred investment decisions.
The firm told investors in a research note that it is updating its price targets for the stocks under its coverage in the Life Insurance segment after Q2 results.
It added that around half of the life insurers under its coverage surpassed expectations on a reported basis, while a majority beat expectations on a core basis.
The firm believes that the earnings beats were largely due to better-than-anticipated performance of macro-sensitive segments, selective favorable underwriting, or both.
Headquartered in New York, NY, Equitable Holdings, Inc. (NYSE:EQH) provides financial services. Its operations divided into the following segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, Legacy, and Corporate and Other.
While we acknowledge the potential of EQH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
Content Original Link:
" target="_blank">
