Trustmark price target raised to $37 from $31 at Truist

Truist analyst Brandon King raised the firm’s price target on Trustmark to $37 from $31 and keeps a Hold rating on the shares as part of a broader research note recapping Q2 results in Community/Regional banks. The company’s earnings topped estimates thanks to higher fees, the analyst tells investors in a research note. Truist also expects the net interest income to be relatively stable from the second half of 2024 through 2025 as the balance sheet is offset by modest net interest margin compression in a lower rate environment, the firm added.