Raymond James raised the firm’s price target on Truist Financial (TFC) to $56 from $50 and keeps an Outperform rating on the shares. Recent investor conference commentary and a newly announced share repurchase program increase buyback expectations and reinforce confidence in achieving a 15% ROTCE by 2027, the analyst says in a research note. Reaffirmed Q4 guidance, commitment to positive operating leverage in 2026, and improving fee momentum support a positive risk-reward outlook, the firm adds.
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