Truist Financial falls after Wells Fargo downgrades rating

Shares of U.S. bank Truist Financial TFC.N down 1.1% at $43.89

Wells Fargo downgrades rating on TFC to "equal weight" from "overweight", saying company's new 5-year strategic plan comes with no new metrics and mirror peers' approach

TFC still seems behind on technology and customer acquisition, brokerage says

"A key focus is to better serve mass affluent clients wealth offerings. However, TFC has lagged in a highly competitive wealth space" - Wells Fargo

Ten of 23 brokerages rate the stock "buy" or higher, 13 "hold"; median PT is $48 - data compiled by LSEG

Including session's moves, shares up ~2.3% YTD