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Truist Financial price target raised to $47 from $45 at RBC Capital

RBC Capital raised the firm’s price target on Truist Financial (TFC) to $47 from $45 and keeps an Outperform rating on the shares. Truist’s diversified business model, along with having one of the best positioned banking franchises, delivered solid core Q2 results, the analyst tells investors in a research note. RBC believes the company remains on track to achieve its annual expense growth target this year.

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