Equitable Holdings (NYSE: EQH) is trading higher today after a major Wall Street upgrade helped shift sentiment toward the shares. JPMorgan upgraded EQH to Overweight from Neutral and set a $60 price target, pointing to improving risk/reward after estimate resets across the sector.

The upgrade lands with investors still focused on EQH’s recently announced all-stock combination with Corebridge Financial, a deal the companies said is expected to close by year-end 2026, subject to regulatory approvals and shareholder votes. Recent filings and deal-related steps—such as a voting and support agreement involving Corebridge shareholder Nippon Life—have kept the transaction in the news flow and can amplify day-to-day moves in both stocks.

Near-term, the next catalysts are (1) additional merger process updates (proxy materials, meeting dates, and regulatory milestones) and (2) earnings and guidance commentary that clarifies how management views capital generation and balance-sheet flexibility ahead of closing. Traders will also monitor whether more analysts adjust ratings and targets as the market re-prices execution risk and potential synergies for the combined retirement and asset-management platform.