Evercore ISI Remains a Buy on Truist Financial (TFC)
In a report released today, John Pancari from Evercore ISI maintained a Buy rating on Truist Financial, with a price target of $58.00.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Pancari covers the Financial sector, focusing on stocks such as M&T Bank, Regions Financial, and Truist Financial. According to TipRanks, Pancari has an average return of 2.6% and a 55.56% success rate on recommended stocks.
In addition to Evercore ISI, Truist Financial also received a Buy from TD Cowen’s Steven Alexopoulos in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Truist Financial (NYSE: TFC).
Based on Truist Financial’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $7.84 billion and a net profit of $1.45 billion. In comparison, last year the company earned a revenue of $7.84 billion and had a net profit of $1.44 billion
Read More on TFC:
Disclaimer & DisclosureReport an Issue
- Truist Financial price target raised to $53 from $50 at Piper Sandler
- Truist Financial’s Earnings Call Maps Path to Higher Returns
- Morning Movers: Netflix shares slide despite earnings beat
- Truist Financial guide seems below consensus, says Wells Fargo
- Truist Financial sees ‘clear path’ to achieving 15% ROTCE by 2027
