Truist Financial price target raised to $53 from $50 at UBS

UBS analyst Erika Najarian raised the firm’s price target on Truist Financial (TFC) to $53 from $50 and keeps a Buy rating on the shares. The firm wasn’t surprised to see Truist as the top performing regional under coverage coming out of earnings, given 2025 guidance that pointed to a favorable pre-provision net revenue outlook vs. consensus, the analyst tells investors in a research note. UBS says valuation remains undemanding, Truist has significant excess capital and is one of the most unlikely to be associated with acquirer deal risk, and recent management announcements have implied a more streamlined operating committee with clear potential successors to CEO Bill Rogers.