Wedbush Starts SunTrust Banks (STI) at Neutral

October 7, 2016 7:02 AM EDT
Get Alerts STI Hot Sheet
Price: $54.84 --0%

Rating Summary:
    16 Buy, 23 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 16 | Down: 11 | New: 9
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Wedbush initiates coverage on SunTrust Banks (NYSE: STI) with a Neutral rating and a price target of $47.00.

Analyst Peter Winter commented, "We believe STI is nearly fairly valued as it’s trading at a slight premium to its regional bank peers. Our NEUTRAL rating is based solely on valuation. We are forecasting EPS growth in 2016 and 2017 at or slightly below the regional bank group average. In terms of profitably (ROA, ROE), STI essentially trades in line with its peers. They do maintain a slightly better (lower) efficiency ratio, which is a major focus for the company."

For an analyst ratings summary and ratings history on SunTrust Banks click here. For more ratings news on SunTrust Banks click here.

Shares of SunTrust Banks closed at $45.79 yesterday.

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