Truist Financial just upgraded at Odeon Capital, here’s why

Odeon Capital upgraded Truist Financial to Buy from Hold with a $40.45 price target. The statements of the Federal Reserve Chairman yesterday were “relatively clear” and it “seems evident” that the policy of tighter for longer “may be over” and that “the next major movement in interest rates is likely to be lower,” says the analyst as the firm raised its ratings on five bank stocks under coverage.