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Truist Financial downgraded to Neutral from Buy at Citi
The Fly

Truist Financial downgraded to Neutral from Buy at Citi

Citi downgraded Truist Financial to Neutral from Buy with a price target of $47, up from $45. The firm’s 2025 and 2026 earnings estimates are now below consensus as management has not given guidance on the net interest income outlook. The Street is “running with fairly aggressive NII assumptions” after the Q2 beat, the analyst tells investors in a research note. Citi adds that the shares now trade in line with peers.

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