Morgan Stanley Maintains Equal-Weight on Truist Finl, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has maintained an Equal-Weight rating on Truist Financial Corporation (TFC) but has lowered the price target from $40 to $38.
December 04, 2023 | 6:21 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley analyst Betsy Graseck maintains an Equal-Weight rating on Truist Financial Corporation (TFC) and lowers the price target from $40 to $38.
The reduction in price target by a major analyst like Morgan Stanley can lead to a negative perception among investors, potentially causing a short-term decline in TFC's stock price. The Equal-Weight rating suggests that the analyst views the stock as fairly valued at its current price, which may mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100