Deutsche Bank Downgrades BB&T Capital (BBT) to Hold, Fairly Valued
Tweet Send to a FriendGet Alerts BBT Hot Sheet
Price: $32.87 +0.70%
Rating Summary:
10 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
10 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade BBT Now!
Deutsche Bank downgraded BB&T Capital (NYSE: BBT) from Buy to Hold with a price target of $34.00.
The firm comments, "BBT continues to execute well, with solid loan growth, good expense mgmt, continuing improvement in credit (and related costs), and recent deals that should provide longer-term growth. And the stock has performed well vs. peers, outperforming the group by 600bps YTD. But BBT now trades at 11x our 2013E vs. 10.4x for the group and NIM pressure seems to be building—driven by the low rate environment, some one-time swap gains that run out this year and lower accretion from covered loans."
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 $32.96 yesterday, with a 52 week range of $19.76-$34.37.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
The firm comments, "BBT continues to execute well, with solid loan growth, good expense mgmt, continuing improvement in credit (and related costs), and recent deals that should provide longer-term growth. And the stock has performed well vs. peers, outperforming the group by 600bps YTD. But BBT now trades at 11x our 2013E vs. 10.4x for the group and NIM pressure seems to be building—driven by the low rate environment, some one-time swap gains that run out this year and lower accretion from covered loans."
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 $32.96 yesterday, with a 52 week range of $19.76-$34.37.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: JPMorgan Cuts SodaStream (SODA) to Neutral, 'Stock No Longer Cheap'
- Deutsche Bank Upgrades Seagate (STX) to Buy; Sanmina (SANM) Cut to Sell, Flextronics (FLEX) & Fabrinet (FN) Cut to Hold
- Albert Fried Downgrades Pandora (P) to Market Perform
Create E-mail Alert Related Categories
DowngradesRelated Entities
Deutsche Bank, BB&T Capital Markets
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
