Sandler O'Neill Upgrades USB, STI, BBT; Downgrades FBP
In the Banking sector, analysts at Sandler O'Neill made changes to their investment ratings on several stocks:
- US Bancorp (NYSE: USB) upgraded from Hold to Buy, price target raised from $25 to $28
- SunTrust Banks (NYSE: STI) upgraded from Hold to Buy, price target lowered from $23 to $22.50
- BB&T (NYSE: BBT) upgraded from Sell to Hold, $24 price target maintained
- First Bancorp (NYSE: FBP) downgraded from Hold to Sell, price target lowered from $3.50 to $1
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