Focus Financial price target raised to $45 from $40 at Truist

Truist analyst Andrew Jeffrey raised the firm’s price target on Focus Financial to $45 from $40 and keeps a Buy rating on the shares. Market trends have improved sequentially, and the company’s management has previously made the case that market volatility has historically been followed by periods of above-trend RIA asset growth, the analyst tells investors in a research note. Focus Financial should be well positioned for faster organic revenue growth once market volatility and economic uncertainty subsides, Jeffrey adds.