Truist Financial price target raised to $45 from $43 at BofA

BofA raised the firm’s price target on Truist Financial to $45 from $43 and keeps a Buy rating on the shares after the company reported Q4 core EPS that beat the firm’s estimate. The firm views yesterday’s results and the 2024 outlook as supportive of a constructive thesis on the stock and says management “seems to be making progress in repositioning the franchise.”