Main Street price target raised to $62 from $52 at Truist

Truist analyst Mark Hughes raised the firm’s price target on Main Street (MAIN) to $62 from $52 but keeps a Hold rating on the shares after its Q4 earnings beat. The stock’s valuation at the high end of the peer group is appropriate given the company’s unique strategy and strong long-term execution, the analyst tells investors in a research note. Truist adds however that it sees shares as fairly valued at current levels.