Why Shares of AXA Equitable Holdings Soared Today
The stock of insurer and financial services provider AXA Equitable Holdings (NYSE: EQH) ended Tuesday nearly 10% higher after it received a price-target raise from Wells Fargo analyst Elyse Greenspan. Equitable is now worth $23 per share, according to her, representing a $2 raise from her previous target. Greenspan maintained her overweight (i.e., buy) recommendation on Equitable's shares.
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The Wells Fargo analyst's adjustment comes a day after Equitable released its preliminary Q1 fiscal 2020 profitability figures.
Source Fool.com
