Shares of Equitable Holdings (EQH) plummeted 5.07% during intraday trading on Thursday, as the stock faced significant selling pressure.
The decline appears to be driven by analyst actions, with JPMorgan lowering its price target on the company to $58 from $60 while maintaining an Overweight rating. This adjustment was part of a broader roundup of research actions on U.S. companies.
Additionally, UBS adjusted its price target for Equitable Holdings to $66 from $67, though it maintained a Buy rating. According to FactSet, the company has an average analyst rating of Buy with a mean price target of $62.
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