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Stock impact report

TD Cowen Cites Asset Repricing, Potential Fed Shifts as Key Bullish Catalysts for Truist Financial (TFC) [Yahoo! Finance]

Truist Financial Corporation (TFC) 
Last truist financial corporation earnings: 4/20 05:45 am Check Earnings Report
Company Research Source: Yahoo! Finance
on Truist Financial to $59 from $55, while maintaining a Buy rating. This decision was made as the firm updated its banking sector outlook, citing a positive end to the year driven by asset repricing and balance sheet expansion. The firm remains bullish on 2026 and noted that a shift toward a more accommodative Fed leadership could be a significant catalyst for stock appreciation. HSBC also upgraded Truist Financial Corporation (NYSE:TFC) to a Buy rating from Hold on the same day, while also raising the price target to $50 from $47. The firm noted that the shares have underperformed significantly since 2020, but expects this trend to conclude in 2025. The upgrade is based on progress made throughout 2024, during which the company improved its cost structure, established a capital cushion, and enhanced its net interest income trajectory. HSBC believes that these developments set the foundation for double-digit EPS growth and material expansion in return on equity (ROE) and return o Show less Read more
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