Piper Sandler lowered the firm’s price target on Truist Financial (TFC) to $41 from $45 and keeps a Neutral rating on the shares. The firm is simply fine-tuning its EPS estimates following Truist Financial’s Q1 earnings and updated outlook. Specifically, Piper’s 2025 goes from $3.96 to $3.91, though its 2026E EPS remains $4.34.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TFC:
- Truist Financial price target lowered to $46 from $48 at Stephens
- Truist Financial price target lowered to $47 from $53 at Keefe Bruyette
- Truist Financial price target lowered to $47 from $51 at Barclays
- Strategic Positioning and Growth Potential Drive Buy Rating for Truist Financial
- Balanced Outlook for Truist Financial: Positive Earnings Offset by Revenue Challenges