TD Cowen Cites Asset Repricing, Potential Fed Shifts as Key Bullish Catalysts for Truist Financial (TFC)

Group 1 - Truist Financial Corporation (NYSE:TFC) is identified as one of the best large cap value stocks to buy in 2026, with TD Cowen raising its price target to $59 from $55 while maintaining a Buy rating [1] - HSBC upgraded Truist Financial to a Buy rating from Hold, increasing the price target to $50 from $47, noting significant underperformance since 2020 but expecting a turnaround by 2025 [2] - The upgrades are based on improvements in Truist's cost structure, capital cushion, and net interest income trajectory, with expectations for double-digit EPS growth and material expansion in return on equity (ROE) and return on tangible common equity (ROTCE) through 2025 and 2026 [3] Group 2 - Truist Financial Corporation provides banking and trust services primarily in the Southeastern and Mid-Atlantic regions of the United States [4]