Truist Financial price target lowered to $41 from $43 at Citi

Citi analyst Keith Horowitz lowered the firm’s price target on Truist Financial to $41 from $43 and keeps a Buy rating on the shares. The analyst believes “late-cycle valuations offer very attractive risk/reward” in the bank stocks heading into the Q2 reports. The firm expects to see more clarity on the net interest income and regulatory reform in the second half of 2023.