Keefe, Bruyette & Woods Upgrades Truist Finl to Outperform, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst David Konrad has upgraded Truist Finl (NYSE:TFC) from Market Perform to Outperform, but lowered the price target from $37 to $36.
September 21, 2023 | 8:31 am
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POSITIVE IMPACT
Truist Finl has been upgraded to Outperform by Keefe, Bruyette & Woods, indicating a positive outlook. However, the price target has been lowered from $37 to $36.
The upgrade to Outperform suggests that the analyst believes the company will outperform the market, which could lead to a rise in the stock price. However, the lowering of the price target might temper this positive impact slightly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100