What Analysts Are Saying About Truist Finl Stock
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Truist Financial Corporation (TFC), with recent ratings ranging from bullish to indifferent. The average 12-month price target has risen to $42.00, up 8.08% from the previous $38.86. Analysts from firms like Stephens & Co., Morgan Stanley, and Piper Sandler have raised their price targets, reflecting a positive adjustment in their outlook. Truist, a regional bank resulting from the merger of BB&T and SunTrust, faces challenges with a negative revenue trend and below-average profitability metrics.
March 19, 2024 | 6:00 pm
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Truist Financial Corporation (TFC) receives mixed analyst ratings with an updated average 12-month price target of $42.00. Despite the positive adjustments in price targets by analysts, the company faces significant challenges in revenue and profitability.
The increase in the average 12-month price target for TFC, as indicated by multiple analysts raising their price targets, suggests a positive short-term outlook for the stock. However, the company's negative revenue trend and below-average profitability metrics could temper investor enthusiasm. The mixed analyst ratings reflect uncertainty, but the overall positive adjustment in price targets may lead to short-term optimism among investors.
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