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A Quick Look at Today's Ratings for Truist Financial(TFC.US), With a Forecast Between $47 to $49

Futu News ·  Oct 19 21:00  · Ratings

On Oct 19, major Wall Street analysts update their ratings for $Truist Financial (TFC.US)$, with price targets ranging from $47 to $49.

Morgan Stanley analyst Betsy Graseck maintains with a hold rating, and adjusts the target price from $51 to $49.

BofA Securities analyst Ebrahim Poonawala maintains with a buy rating.

Barclays analyst Jason Goldberg maintains with a hold rating, and maintains the target price at $47.

Evercore analyst John Pancari maintains with a hold rating, and maintains the target price at $48.

Furthermore, according to the comprehensive report, the opinions of $Truist Financial (TFC.US)$'s main analysts recently are as follows:

  • The company's robust core earnings for the third quarter are illustrative of its diverse business model and one of the most well-established banking franchises. The divestiture of its insurance holdings in the second quarter fortified the company's capital situation, facilitating a restructuring of the bond portfolio and the declaration of a stock buyback program valued at $5.0 billion.

Here are the latest investment ratings and price targets for $Truist Financial (TFC.US)$ from 4 analysts:

StockTodayLatestRating_nn_78331613749514_20241019_en

Note:

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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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