Truist Financial price target raised to $45 from $42 at Citi

Citi analyst Keith Horowitz raised the firm’s price target on Truist Financial to $45 from $42 and keeps a Buy rating on the shares following the Q1 report. The analyst sees continued expense management and the “opportunistic deployment of newfound capital” to grow the balance sheet and invest in fee lines as driving towards a 15% return profile.