Wells Fargo Maintains Overweight on Truist Finl, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Mike Mayo has maintained an Overweight rating on Truist Financial Corporation (TFC) and increased the price target from $39 to $45.
March 28, 2024 | 2:53 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Wells Fargo has maintained an Overweight rating on Truist Financial Corporation and raised the price target from $39 to $45.
The upgrade in the price target by a reputable analyst like Mike Mayo suggests a strong confidence in Truist Financial Corporation's future performance. This is likely to be viewed positively by the market, potentially leading to a short-term increase in TFC's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100