HSBC analyst Saul Martinez raised the firm’s price target on Truist Financial to $41 from $40 and keeps a Hold rating on the shares. The firm adjusted estimates on final details of Truist Insurance Holding (sale and balance sheet repositioning.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TFC:
- Truist Financial Divests Insurance Unit, Restructures Investments
- Truist completes previously announced sale of Truist Insurance Holdings to investor group led by Stone Point Capital and CD&R
- Truist completes sale of Truist Insurance Holdings and executes strategic balance sheet repositioning
- Truist Financial price target raised to $40.50 from $39.50 at JPMorgan
- Truist Financial put volume heavy and directionally bearish
