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Analysts Offer Insights on Financial Companies: Reinsurance Group (RGA), Truist Financial (TFC) and Upstart Holdings (UPST)

Companies in the Financial sector have received a lot of coverage today as analysts weigh in on Reinsurance Group (RGAResearch Report), Truist Financial (TFCResearch Report) and Upstart Holdings (UPSTResearch Report).

Reinsurance Group (RGA)

Piper Sandler analyst John Barnidge maintained a Buy rating on Reinsurance Group today and set a price target of $228.00. The company’s shares closed last Monday at $206.58, close to its 52-week high of $210.00.

According to TipRanks.com, Barnidge is a 5-star analyst with an average return of 9.7% and a 61.1% success rate. Barnidge covers the Financial sector, focusing on stocks such as Corebridge Financial, Inc., F&G Annuities & Life Inc, and Brighthouse Financial.

Reinsurance Group has an analyst consensus of Strong Buy, with a price target consensus of $218.38, representing a 5.0% upside. In a report issued on May 6, RBC Capital also maintained a Buy rating on the stock with a $225.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Truist Financial (TFC)

Piper Sandler analyst Scott Siefers maintained a Hold rating on Truist Financial today and set a price target of $41.00. The company’s shares closed last Monday at $39.18, close to its 52-week high of $40.35.

According to TipRanks.com, Siefers is a 4-star analyst with an average return of 9.0% and a 59.6% success rate. Siefers covers the Financial sector, focusing on stocks such as Old National Bancorp Capital, Huntington Bancshares, and JPMorgan Chase & Co.

Currently, the analyst consensus on Truist Financial is a Moderate Buy with an average price target of $43.06, an 8.2% upside from current levels. In a report issued on May 1, J.P. Morgan also maintained a Hold rating on the stock with a $40.50 price target.

Upstart Holdings (UPST)

In a report released today, Arvind Ramnani from Piper Sandler maintained a Hold rating on Upstart Holdings, with a price target of $28.00. The company’s shares closed last Monday at $27.43.

According to TipRanks.com, Ramnani is a 1-star analyst with an average return of -1.4% and a 47.1% success rate. Ramnani covers the Technology sector, focusing on stocks such as CCC Intelligent Solutions Holdings, Clearwater Analytics Holdings, and Thoughtworks Holding.

Currently, the analyst consensus on Upstart Holdings is a Moderate Sell with an average price target of $18.67, implying a -28.8% downside from current levels. In a report issued on May 8, Needham also maintained a Hold rating on the stock.

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