Truist Financial price target raised to $52 from $51 at Argus

Argus raised the firm’s price target on Truist Financial (TFC) to $52 from $51 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm notes that the company’s repositioning of the balance sheet into higher-yielding investment securities has helped with a continued recovery in both net interest income and the net interest margin, the analyst tells investors in a research note.