RBC Capital analysts lowered their estimates on Equitable Holdings, Inc. (NYSE:EQH) to factor in market-related impacts on expected results for Q2.

Q2/22 EPS estimate moved to $1.30 from $1.51 to account for changes in fees, DAC, and investment income assumptions. According to the analysts, these adjustments are market related and reflective of equity and investment market weakness.

The analysts maintained their outperform rating and $36 price target on the company’s shares.