Deutsche Bank upgraded Equitable Holdings (EQH) to Buy from Hold with a price target of $58, up from $47. Equitable is well positioned for growth and enhanced shareholder value, driven by its leading position in the “rapidly expanding” registered index- linked annuity market, supportive demographic and macroeconomic trends, a strong capital position, and ongoing optimization efforts, the analyst tells investors in a research note. The firm says EQH dominates the RILA market, the “fastest-growing segment within variable annuities.”
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