Focus Financial price target raised to $50 from $45 at Truist

Truist analyst Andrew Jeffrey raised the firm’s price target on Focus Financial to $50 from $45 and keeps a Buy rating on the shares. The company is well positioned for faster organic revenue growth once market volatility and economic uncertainty subsides, but a potential economic downturn remains a downside risk factor, the analyst tells investors in a research note. Truist further states that it is updating its model to assume higher revenue from market conditions so far in the first quarter offset by a lower EBITDA margin.