UPDATE: BMO Capital Downgrades BB&T Capital (BBT) to Market Perform
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(Updated - November 15, 2016 9:28 AM EST)
BMO Capital downgraded BB&T Capital (NYSE: BBT) from Outperform to Market Perform with a price target of $45.00 (from $43.00). Analyst Lana Chan sees view catalysts.
"In our view, BBT has run out of catalysts to continue to outperform in the new rate environment — we step to the sidelines post the stock's rise since the presidential election (+10% since 11/8). We highlight the changes in both the rate environment and expectations regarding regulations since Trump's election in our note titled, 'A Trump Administration--Implications for Our Banks.' We prefer KEY and PNC going forward," said Chan.
Shares of BB&T Capital closed at $42.85 yesterday.
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Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS View, Analyst PT Change, Downgrades
Related EntitiesBMO Capital, BB&T Capital Markets
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