Compass Point Upgrades Truist Finl to Buy, Raises Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Compass Point analyst David Rochester upgraded Truist Financial Corp (TFC) from Neutral to Buy and increased the price target from $34 to $42.

April 23, 2024 | 2:57 pm
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Truist Financial Corp was upgraded by Compass Point analyst David Rochester from Neutral to Buy, with the price target raised from $34 to $42.
Upgrades by analysts, especially from Neutral to Buy, can lead to increased investor confidence and potentially drive the stock price up in the short term. The significant raise in the price target from $34 to $42 by a reputable analyst like David Rochester further underscores a bullish outlook for TFC, suggesting that the stock may be undervalued at its current price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100