Truist Financial Corporation has recalibrated its price targets for key companies while highlighting increased market risks, naming Huntington Bancshares and others as most vulnerable. Notably, the firm raised its price objectives to $60 for Fifth Third Bancorp and $40 for Robert Half Inc., maintaining 'Buy' ratings for both. Despite challenges, Truist reported a revenue growth of 3.6% year-on-year, totaling $5.30 billion, while also positioning itself with a strategic $1.25 billion issuance of fixed-to-floating senior notes to bolster liquidity.
“Huntington Bancshares, M&T Bank, Truist Financial, Citizens Financial Group · were flagged as · most at risk · true”
“Truist · lifted · price objective · $60”
“Truist · kept · rating · Buy”
“Truist · lifted · price objective on Fifth Third Bancorp (NASDAQ:FITB) · $60”
“Truist · kept · Buy rating · true”
“Truist Financial Corporation (TFC) · kept a rating of · Buy on GILD”
“Truist Financial Corporation (TFC) · raised the price target to · $145”
“Truist Financial Corporation · lowered its price target to · $22 · for KIM”
“Truist · raised its price target on · M&T Bank Corporation · $230”
“Truist · lowered · price target on Packaging Corp. · to $270 from $273”
“Truist · keeps · rating on the shares · Buy”
“Truist Financial · reported revenues of · $5.30 billion · up 3.6% year on year”
