RBC Upgrade => Outperform => Target: $120Sept 28, 2019 - Why we rate EQB shares Outperform:
We continue to believe EQB is doing a good job executing on its growth strategy and believe that the improving housing and mortgage market conditions should help Equitable's EPS growth and also its valuation multiple. Furthermore, we think that Equitable has one of the more favorable risk-reward profiles within our mortgage coverage universe and an attractive total return.