Barclays downgraded Truist Financial (TFC) to Underweight from Equal Weight with a price target of $56, up from $47. The firm adjusted ratings in the large cap bank group as part of its 2026 outlook. Barclays expects the trends hat drove double-digit earnings growth and bank stock outperformance in 2025 to carry into 2026. It thinks Truist’s results will continue to lag peers, driving the downgrade to Underweight.
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