Evercore ISI raises Truist Financial stock price target on fee income outlook

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Evercore ISI has increased its price target for Truist Financial (NYSE:TFC) to $58 from $55, maintaining an Outperform rating, due to an improved fee income outlook, lower tax rate, and reduced share count. The firm also raised its 2026 and 2027 EPS estimates. Truist Financial’s stock currently trades at $50.95 and boasts a 4.08% dividend yield with 54 consecutive years of dividend payments.

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