Valeriy Elistratov/iStock via Getty Images Republic Services (NYSE:RSG) on Thursday was upgraded to Buy from a previous investment rating of Hold by analysts at financial-services firm Truist. They said the waste-management company is trading at a discount to its peer group. Republic Services (RSG) is poised to boost its profitContinue Reading
Black_Kira/iStock via Getty Images Fluence Energy (NASDAQ:FLNC) +2.1% in Wednesday’s trading as Truist Securities initiated coverage with a Buy recommendation and $25 price target, saying the energy storage company is “well positioned to drive outsized growth via its improving economies of scale/supply chain position and differentiated tech.” Further, Truist analystContinue Reading
J. Michael Jones/iStock Editorial via Getty Images Truist Financial’s (NYSE:TFC) board gave the green light for a $5B share buyback program through 2026 starting in Q3 2024, it said on Friday. The company, meantime, plans to maintain its current quarterly dividend of $0.52 per share. After passing the Federal Reserve’sContinue Reading
Khanchit Khirisutchalual/iStock via Getty Images Truist downgraded its rating on the Technology sector (SP500-45TR0)(XLK) to neutral from overweight on Friday following a sharp run-up by the group against the S&P 500 (SP500)(SPY). Keith Lerner, chief market strategist at Truist, said Technology has gained about 40% since it overweighted the sectorContinue Reading
