Truist Financial Corporation (NYSE:TFC) posted better-than-expected quarterly earnings on Monday.
Truist Finl reported quarterly earnings of 91 cents per share which beat the analyst consensus estimate of 82 cents per share. The company reported quarterly sales of $5.018 billion which beat the analyst consensus estimate of $4.805 billion. This is a 15.21% decrease over sales of $5.918 billion the same period last year, according to data from Benzinga Pro.
Truist Financial shares closed at $43.78 on Monday.
These analysts made changes to their price targets on Truist Financial following the announcement.
- B of A Securities analyst Ebrahim Poonawala maintained Truist Finl with a Buy rating and raisesd the price target from $45 to $50.
- RBC Capital analyst Gerard Cassidy maintained the stock with an Outperform rating, while increasing the price target from $42 to $45.
- Keefe, Bruyette & Woods analyst David Konrad maintained the stock with an Outperform rating and raised the price target from $46 to $48.
- Barclays analyst Jason Goldberg maintained the stock with an Equal-Weight rating and raised the price target from $43 to $47.
- Goldman Sachs analyst Ryan Nash maintained Truist Finl with a Buy rating and boosted the price target from $45 to $50.
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