BMO Capital initiated coverage of Equitable Holdings (EQH) with an Outperform rating and $70 price target Equitable Holdings’ free cash flow profile is increasingly attractive, with stronger growth and less volatility going forward as the company moves to shift its business mix to become more capital-light, the analyst tells investors in a research note. Its growth outlook is underpinned by demographic changes, as well as a favorable U.S. macro backdrop, and the firm sees growing demand for Equitable’s retirement products.
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