Truist Financial price target raised to $51 from $46 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Truist Financial to $51 from $46 and keeps an Equal Weight rating on the shares. All large cap banks beat the firm’s EPS estimates, mostly on provisions and revenues and some on expenses, notes the analyst, who is boosting FY25 EPS forecasts by a median 2% and reiterates an Attractive industry view in a Q2 earnings recap for big bank group.