Equitable Holdings price target raised to $60 from $52 at Truist

Truist raised the firm’s price target on Equitable Holdings (EQH) to $60 from $52 on outlook for sustained growth in EPS, while keeping a Buy rating on the shares. The firm is trimming its 2025 EPS estimate to $7.00 from $7.15, influenced by less accretion from share buybacks – a function of the higher stock price – and sustained pressure on Protection Solutions, while establishing a 2026 forecast of $8.00 per share. The new price target values Equitable Holdings’ ownership of AllianceBernstein (AB) at the current market value of $6.7B, while the remainder of the company is valued at 6.0-turns non-AB earnings in 2026 of $1.9B, Truist adds.