Truist Financial price target lowered to $43 from $46 at RBC Capital

RBC Capital analyst Gerard Cassidy lowered the firm’s price target on Truist Financial to $43 from $46 and keeps an Outperform rating on the shares. The analyst is citing the recent management guidance from an investor conference, including lower Q2 and FY23 revenues being driven by lower net interest income due to elevated deposit betas and weaker-than-expected investment banking revenues.