Keefe Bruyette upgraded Truist Financial to Market Perform from Underperform with a price target of $45, down from $47. The analyst says "optionality" from the company’s insurance subsidiary limits further downside in the shares. Truist has a "bank-only downside valuation" of approximately $37 per share, just 6% below current levels, the analyst tells investors in a research note.
Published first on TheFly
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