Goldman Sachs Downgrades BB&T Capital (BBT) to Neutral

January 4, 2013 7:07 AM EST
Get Alerts BBT Hot Sheet
Price: $45.42 +0.29%

Rating Summary:
    16 Buy, 21 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Goldman Sachs downgraded BB&T Capital (NYSE: BBT) from Buy to Neutral with a price target of $31.00

The firm sees the increased likelihood of consensus 2013/2014 EPS estimates to be revised lower, given: (1) BBT would need to grow "core" EPS 15%/17% just to offset accretion runoff in 2013/2014, (2) the pace of loan growth is slowing, and (3) remaining expense leverage appears limited.

The firm revised 4Q/2012/2013/2014 EPS estimates to $0.72/$2.72/$2.90/$3.05 from $0.72/$2.71/$2.90/$3.00.

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 $29.92 yesterday.

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