Truist Financial Analysts Raise Their Forecasts After Better-Than-Expected Q3 Earnings

Core Insights - Truist Financial Corporation reported better-than-expected earnings for Q3, with earnings of $1.04 per share, surpassing the analyst consensus estimate of $1.00 per share [1] - The company achieved quarterly sales of $5.240 billion, exceeding the analyst consensus estimate of $5.198 billion [1] - Truist Financial expects adjusted revenue for FY 2025 to increase by 1.5% to 2.5% year over year [1] - Following the earnings announcement, Truist Financial shares rose by 1.3% to $43.17 [1] Analyst Ratings and Price Targets - Keefe, Bruyette & Woods analyst David Konrad maintained a Market Perform rating on Truist Financial and raised the price target from $48 to $49 [4] - Morgan Stanley analyst Betsy Graseck maintained an Equal-Weight rating and increased the price target from $54 to $55 [4]