Truist Financial price target lowered to $50 from $56 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Truist Financial (TFC) to $50 from $56 and keeps an Equal Weight rating on the shares. The firm is reducing estimates for superregional banks given higher uncertainty driven by trade policy and a slower economic growth outlook. Higher and sooner-than-expected tariffs slow the firm’s economists’ GDP growth forecasts in both 2025 and 2026, notes the analyst, who cut 2025 and 2026 estimates for the group by a median 2% and 1%, respectively.