Stephens lowered the firm’s price target on Truist Financial to $37 from $40 and keeps an Equal Weight rating on the shares after Q2 results fell short of expectations and management lowered their 2023 PPNR outlook. Based on Q2 trends and management’s update, the firm is lowering its 2023 and 2024 operating EPS estimates to $3.85 from $4.10 and $3.30 from $3.55, respectively.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on TFC: