Truist Financial Corporation (TFC) is under the market glare, with increased ownership, investments, and trades. Multiple entities, including Franklin Resources Inc, Prevail Innovative Wealth Advisors LLC, Norges Bank, and ExodusPoint Capital Management LP, have invested in TFC, showing a high level of institutional ownership. Claudia Davis Adamson recently took over as head of the small business banking department, bringing fresh insights into the company's dynamic. Significant attention is also drawn towards TFC's strategic 2025 targets, with market spectators closely watching for results that validate TFC's growth plans.
Frequent adjustments to the stock's price target signals a changing market sentiment. Notably, Raymond James downgraded TFC and reduced its price target due to economic concerns. Conversely, JPMorgan Chase & Co. gave TFC a new price target of $42.00. The stock recently hit a 52-week low amidst market shifts. However, Keefe Bruyette & Woods and HSBC retained their positive outlooks with outperform and buy ratings, respectively. Investors' sentiments are mixed as recent earnings beat Wall Street's estimates, promising a strong NII and improved capital.
Truist Financial Corporation TFC News Analytics from Mon, 05 Aug 2024 07:00:00 GMT to Sat, 05 Apr 2025 22:08:48 GMT - Rating 0 - Innovation -3 - Information 7 - Rumor -2
