Truist Financial Corp: Recent Financial News and Updates
Truist Financial Corporation, a prominent financial service provider based in Charlotte, continues to make significant moves in the financial sector. Listed on the New York Stock Exchange, the company operates across various sectors including retail, small business, and commercial banking, among others. As of August 17, 2025, Truist’s stock closed at $44.33, with a market capitalization of $57.96 billion and a price-to-earnings ratio of 12.125.
Stock Ratings and Price Targets
On August 19, 2025, Truist Securities made several updates to its stock ratings and price targets:
Extra Space Storage (EXR): Truist Securities lowered its price target for Extra Space Storage to $150, reiterating a “Hold” rating. This adjustment reflects a cautious outlook on the company’s stock performance.
Viking Therapeutics: The firm reiterated its “Buy” rating for Viking Therapeutics following positive data on its weight loss medication, contributing to a rise in the stock.
Palo Alto Networks: Truist Securities raised the stock price target to $220, indicating confidence in the company’s future performance.
Amphenol: The “Buy” rating was reaffirmed for Amphenol, bolstered by the acquisition of Trexon, which is expected to enhance the company’s market position.
Riskified: Despite concerns over margins, Truist Securities maintained its “Buy” rating, suggesting a strong belief in the company’s long-term prospects.
Other Notable Updates
PTC Therapeutics: Despite a setback from the FDA, Truist confirmed its “Buy” recommendation, indicating a positive outlook on the company’s potential.
Home Depot: The stock retained its “Buy” rating from Truist, even in the face of weather-related challenges, underscoring confidence in its resilience.
Microsoft: Truist analysts highlighted the company’s strong potential, particularly in cloud and artificial intelligence sectors, and issued a new price target.
American Healthcare REIT: The price target was increased to $44, reflecting optimism about the company’s growth trajectory.
These updates from Truist Securities reflect a strategic approach to investment recommendations, balancing caution with optimism across various sectors. For more detailed information, investors can visit Truist’s website at www.truist.com .