Jefferies Downgrades Truist Finl to Hold, Lowers Price Target to $32
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Ken Usdin has downgraded Truist Finl (NYSE:TFC) from Buy to Hold and lowered the price target from $37 to $32.
July 11, 2023 | 9:00 am
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Truist Finl has been downgraded from Buy to Hold by Jefferies, with a lowered price target of $32.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for Truist Finl. The lowered price target from $37 to $32 suggests that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100