Piper Sandler Maintains Neutral on Truist Finl, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Scott Siefers has maintained a Neutral rating on Truist Financial Corporation (NYSE:TFC) and increased the price target from $37 to $38.
January 19, 2024 | 4:22 pm
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NEUTRAL IMPACT
Piper Sandler has maintained a Neutral rating on Truist Financial Corporation but raised the price target from $37 to $38.
The increase in price target by Piper Sandler is a positive signal, suggesting a slight improvement in the outlook for TFC. However, since the rating remains Neutral, the impact is likely to be moderate. The new price target suggests a limited upside potential from the current trading price, which may not significantly change investor sentiment or stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100