TD Cowen raised the firm’s price target on Truist Financial (TFC) to $59 from $55 and keeps a Buy rating on the shares. The firm adjusted bank targets as part of a Q4 earnings preview. TD expects “solid” Q4 reports for the banks with continued balance sheet growth, repricing tailwinds, and a “likely more dovish” Federal Reserve chair in 2026. These “durable tailwinds” should lift bank stocks in 2026, the analyst tells investors in a research note.
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Read More on TFC:
- Truist Financial upgraded to Buy from Hold at HSBC
- Truist Financial price target raised to $56 from $50 at Raymond James
- Truist Financial upgraded to Outperform from In Line at Evercore ISI
- Truist Financial price target raised to $58 from $52 at Goldman Sachs
- Truist Financial downgraded to Underweight from Equal Weight at Barclays