BofA analyst Ebrahim Poonawala lowered the firm’s price target on Truist Financial (TFC) to $54 from $56 and keeps a Buy rating on the shares. The firm reduced price targets among its regional banks by 3% on average to reflect lower multiples on increased EPS uncertainty and a rising cost of equity.
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Read More on TFC:
- Truist Financial price target lowered to $57 from $60 at UBS
- Truist Financial price target lowered to $51.50 from $57 at JPMorgan
- Truist Financial price target lowered to $55 from $59 at HSBC
- Truist Financial price target lowered to $63 from $69 at Morgan Stanley
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