Morgan Stanley Maintains Equal-Weight on Truist Finl, Raises Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck has maintained an Equal-Weight rating on Truist Financial Corporation (NYSE:TFC) and increased the price target from $38 to $43.
January 30, 2024 | 12:00 pm
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POSITIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Truist Financial Corporation but raised the price target from $38 to $43, indicating a positive outlook on the stock.
The increase in price target by Morgan Stanley suggests a positive reassessment of Truist Financial's value, which could lead to increased investor confidence and a potential short-term rise in the stock price. The Equal-Weight rating indicates that the stock is expected to perform in line with the sector or the overall market, but the raised target price implies that Morgan Stanley sees more upside potential than before.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100