Equitable Holdings price target lowered to $57 from $60 at Wells Fargo

Wells Fargo lowered the firm’s price target on Equitable Holdings (EQH) to $57 from $60 and keeps an Overweight rating on the shares. With guidance from most companies in Q4, the firm is generally reducing our EPS estimates as guides were in-line to below consensus expectations for most companies. Wells is also rolling valuation methodologies to 2027 EPS and rolling out new 2028E EPS estimates for companies.