Argus raised the firm’s price target on Truist Financial to $44 from $42 and keeps a Buy rating on the shares. The company’s results continue to be negatively impacted by the effects of higher interest rates, including weaker loan growth and higher deposit costs, but these trends should subside following Q2 as deposit costs stabilize and the securities portfolio re-prices higher, the analyst tells investors in a research note. Truist offers a steady growth profile, strong revenue diversification, and an above-average dividend yield, while the stock merits a premium valuation, Argus added.