Truist Financial price target raised to $56 from $55 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Truist Financial (TFC) to $56 from $55 and keeps an Equal Weight rating on the shares following “a modest beat” in Q4, driven by slightly higher net interest income and fees. The firm is increasing its 2026 EPS view by 2% to $4.67, primarily on lower expenses, the analyst tells investors.