Stephens & Co. Upgrades Truist Finl to Overweight, Raises Price Target to $43
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Terry McEvoy upgraded Truist Financial Corporation (TFC) from Equal-Weight to Overweight and increased the price target from $41 to $43.
March 19, 2024 | 11:12 am
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POSITIVE IMPACT
Truist Financial Corporation was upgraded by Stephens & Co. from Equal-Weight to Overweight with a price target increase from $41 to $43.
Upgrades by analysts, especially from reputable firms like Stephens & Co., can lead to increased investor confidence and potentially drive the stock price up in the short term. The increase in the price target further supports a positive outlook for TFC.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100