Truist Financial price target lowered to $43 from $52 at Argus

Argus lowered the firm’s price target on Truist Financial (TFC) to $43 from $52 and keeps a Buy rating on the shares following the Q1 results. The company reduced its 2025 guidance, now calling for revenues to rise 1.5%-2.5% versus 3.0%-3.5% previously, amid an expected tougher environment for investment banking and wealth management revenues, the analyst tells investors in a research note. Argus believes Truist shares remain attractively valued.