UBS Reaffirms Their Buy Rating on Truist Financial (TFC)
In a report released today, from UBS reiterated a Buy rating on Truist Financial, with a price target of $60.00.
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In addition to UBS, Truist Financial also received a Buy from TipRanks – OpenAI’s OpenAI Banks – Regional in a report issued on January 28. However, yesterday, Robert W. Baird 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
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TFC in relation to earlier this year. Last month, Michael Baron Maguire, the CFO of TFC sold 13,000.00 shares for a total of $651,560.00.
Read More on TFC:
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