Reported 23 days ago
Wells Fargo analyst Mike Mayo has lowered the price target for Truist Financial (TFC) from $52 to $50, maintaining an Overweight rating amid a Q1 earnings preview for large-cap banks. The firm remains optimistic about the banking sector over the next year, citing significant deregulation, but warns that the Q1 outlook may be complicated by policy uncertainties, leading to a reduction in earnings estimates for the company.
Source: YAHOO