Keefe, Bruyette & Woods Maintains Outperform on Truist Finl, Raises Price Target to $44-Report Released on 18 January 2024
Portfolio Pulse from Benzinga Newsdesk
Keefe, Bruyette & Woods analyst David Konrad has maintained an Outperform rating on Truist Financial Corporation (NYSE:TFC) and increased the price target from $42 to $44.
January 19, 2024 | 2:03 pm
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POSITIVE IMPACT
Truist Financial Corporation's Outperform rating is maintained by Keefe, Bruyette & Woods, with a raised price target from $42 to $44, signaling confidence in the company's prospects.
The increase in price target by a reputable analyst firm like Keefe, Bruyette & Woods typically reflects a positive outlook on the company's financial performance and growth potential. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100