BofA lowered the firm’s price target on Truist Financial (TFC) to $46 from $47 and keeps a Buy rating on the shares. The firm, which sees downside risk to growth outlooks for the regional bank group, lowered EPS estimates due to weaker than anticipated loan demand and capital markets activity to start the year.
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Read More on TFC:
- Truist Financial price target lowered to $42 from $48 at JPMorgan
- Raymond James downgrades Truist on full-year guidance risk
- Truist Financial downgraded to Market Perform from Outperform at Raymond James
- Truist Financial price target lowered to $50 from $52 at Wells Fargo
- Truist Financial price target lowered to $50 from $56 at Morgan Stanley