Trustmark price target raised to $36 from $35 at Truist

Truist raised the firm’s price target on Trustmark (TRMK) to $36 from $35 but keeps a Hold rating on the shares as part of a broader research note recapping Q3 results for Banks. The firm expects the company’s net interest income to decline modestly through Q1 of 2025 as its net interest margins are pressured in a Fed easing cycle, the analyst tells investors in a research note. Truist adds however that while its credit quality was mixed in quarter, it also expects net charge offs to “remain manageable”.