** Truist Financial shares TFC.N down 1.9% at $35.21 after brokerages cut target price following bank's first-quarter results
** Co posts adj. EPS of 87 cents, matching analysts' expectation but lower than last year's 91 cents
** Piper Sandler cuts PT to $41 from $45 to reflect lower bank equity valuations, citing uncertain macroeconomic backdrop and flatter capital market expectations
** Brokerage says 3% YOY net interest income growth expectation seems reasonable; investment banking could be a "wildcard"
** Barclays cuts PT to $47 to $51, KBW lowers to $47 from $53, RBC cuts to $45 from $50
** 10 of 22 brokerages rate the stock "buy" or higher, 12 "hold"; median PT is $46.77 - data compiled by LSEG
** Up to last close, TFC down 17.2% YTD
(Reporting by Twesha Dikshit)
((Twesha.Dikshit@thomsonreuters.com))
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