Truist Raises its Price Target on First American Financial Corporation (FAF) to $82 and Maintains a Buy Rating

Truist has raised its price target on First American Financial Corporation (FAF) to $82 from $76, maintaining a Buy rating, citing a positive outlook on the company’s investment income. This follows similar price target increases from Deutsche Bank and Barclays. First American Financial recently reported strong Q4 revenue of $2 billion, surpassing estimates, with significant growth in adjusted revenue, EPS, and commercial revenue.