Truist Financial price target raised to $58 from $54 at Argus
Argus raised the firm’s price target on Truist Financial (TFC) to $58 from $54 and keeps a Buy rating on the shares after its Q4 earnings beat. The results showed a positive impact on net interest income from higher earning assets and average deposits while share buybacks remained healthy and credit quality improved, the analyst tells investors in a research note.
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