Citi analyst Keith Horowitz lowered the firm’s price target on Truist Financial to $43 from $46 and keeps a Buy rating on the shares. The analyst refreshed the firm’s model ahead of the company’s Q2 earnings to include a lower net interest income outlook on potential for higher deposit costs and lower fee outlook on continued headwinds to mortgage banking.
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Published first on TheFly
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Read More on TFC:
- Truist Financial put volume heavy and directionally bearish
- Truist Financial downgraded to Hold from Buy at Odeon Capital
- Truist Financial price target lowered to $43 from $46 at RBC Capital
- Truist Financial down 4% after lowering full year revenue growth outlook
- Truist CFO says now sees full year year-over-year revenue growth of 3%