Main Street price target raised to $52 from $45 at Truist

Truist raised the firm’s price target on Main Street to $52 from $45 and keeps a Hold rating on the shares. The firm is lowering its 2024 and 2025 net interest income, or NII, estimates, but notes that its price target assumes the stock trades at a valuation at the high end of the peer group, which it believes is appropriate given the company’s “unique strategy and strong long-term execution.”