Evercore ISI Group Maintains In-Line on Truist Finl, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst John Pancari has maintained an In-Line rating on Truist Financial Corporation (NYSE:TFC) and increased the price target from $31 to $33.
November 20, 2023 | 5:07 pm
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Evercore ISI Group has maintained an In-Line rating on Truist Financial Corporation and raised the price target from $31 to $33, indicating a positive outlook on the stock.
The increase in price target by Evercore ISI Group suggests a positive sentiment towards Truist Financial Corporation's stock. This could lead to increased investor confidence and a potential short-term rise in the stock price. The In-Line rating indicates that the analyst believes the stock will perform on par with the sector or the market, which may temper the impact of the price target increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100