Truist Financial Stock (TFC): $63 Price Target From UBS

By Amit Chowdhry ● Dec 12, 2021
  • The shares of Truist Financial Corp (NYSE: TFC) have received a $63 price target from UBS. These are the details.

The shares of Truist Financial Corp (NYSE: TFC) have received a $63 price target from UBS. And UBS analyst Erika Najarian assumed coverage of Truist Financial with a “Neutral” rating. 

Najarian noted that Truist can achieve a 20% return on tangible common equity by 2023. But Najarian believes that Truist has the lowest rate sensitivity compared to its rivals.

Going forward, Najarian believes investors may heavily prefer rate-sensitive names leading up to a potential first-rate hike.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.