UPDATE: BMO Capital Downgrades BB&T Capital (BBT) to Market Perform

November 15, 2016 7:20 AM EST
Get Alerts BBT Hot Sheet
Price: $45.80 +0.53%

Rating Summary:
    16 Buy, 21 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 11 | Down: 20 | New: 54
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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.

For an analyst ratings summary and ratings history on BB&T Capital click here. For more ratings news on BB&T Capital click here.

Shares of BB&T Capital closed at $42.85 yesterday.

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