Argus raised the firm’s price target on Truist Financial (TFC) to $58 from $54 and keeps a Buy rating on the shares after its Q4 earnings beat. The results showed a positive impact on net interest income from higher earning assets and average deposits while share buybacks remained healthy and credit quality improved, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TFC:
- Truist Financial price target raised to $60 from $59 at TD Cowen
- Truist Financial price target raised to $53 from $50 at Piper Sandler
- Truist Financial’s Earnings Call Maps Path to Higher Returns
- Morning Movers: Netflix shares slide despite earnings beat
- Truist Financial guide seems below consensus, says Wells Fargo