Raymond James raises Equitable Holdings stock price target on merger outlook
Raymond James raised its price target for Equitable Holdings (EQH) to $65 from $58, citing a positive outlook for its merger with Corebridge Financial. The stock is up 41% over six months. EQH reported Q2 2026 adjusted EPS of $1.75, beating estimates, but revenue missed expectations. Management attributed performance to record assets and merger progress. Seth Bernstein will retire as CEO of AllianceBernstein in 2027, receiving retirement benefits.
How this was made
The 30-second read
Why it matters
The analyst's target raise reflects confidence in the pending Corebridge merger, suggesting near‑term price appreciation.
Market read
Analyst upgrade may drive short‑term buying interest in EQH ahead of its Q3 earnings.
What to watch
Potential regulatory scrutiny of the Corebridge deal could delay benefits.
Background
Equitable Holdings recently reported Q2 results with an EPS beat but revenue miss, and announced a leadership change at AllianceBernstein.
Ticker impact
Raymond James raised its price target on Equitable Holdings to $65, citing a favorable merger outlook with Corebridge Financial.
upward pressure as investors price in the merger optimism.
Target increase signals expected earnings upside and distribution strength post‑merger.
Market effects
Positive outlook may lift other insurers and asset managers with merger exposure.
U.S. financial services sector could see modest gains.
Limited to U.S. markets; no broader macro impact.
Counterpoint
The merger may face integration risks that could temper upside.
Key entities
- companyEquitable Holdings
U.S. insurer and asset manager (ticker EQH).
- companyCorebridge Financial
Merger partner of Equitable Holdings.
