Raymond James analyst Michael Rose raised the firm’s price target on Truist Financial (TFC) to $50 from $48 and keeps an Outperform rating on the shares. Quarterly results for the banks should reflect relatively solid loan growth, further net interest margin expansion, while several fee lines of business should prove to be relatively solid, expense trends remain in check, and capital return is expected to trend positively, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TFC:
- Truist Financial price target raised to $50 from $48 at Evercore ISI
- Truist Financial price target raised to $54 from $48 at Morgan Stanley
- U.S. Bancorp (USB) May Be ‘Behind the Curve’, But This Analyst Just Banked On It
- GS, MS, TFC: Investment Bank Fees Expected to Rise 10% to 15% in Current Quarter
- Deckers Outdoor (DECK) Is an ‘Underappreciated Growth Stock,’ Says UBS