Citigroup Downgrades Truist Finl to Neutral, Raises Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Keith Horowitz has downgraded Truist Financial (NYSE:TFC) from Buy to Neutral while raising the price target from $45 to $47.
July 24, 2024 | 11:06 am
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Citigroup analyst Keith Horowitz downgraded Truist Financial from Buy to Neutral, but raised the price target from $45 to $47.
The downgrade from Buy to Neutral suggests a less optimistic outlook on Truist Financial's stock performance, which could lead to a neutral or slightly negative short-term impact. However, the raised price target to $47 indicates some underlying confidence in the stock's value.
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