Goldman Sachs Downgrades BB&T Capital (BBT) to Neutral
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Price: $32.66 +0.34%
Rating Summary:
10 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Rating Summary:
10 Buy, 17 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Trade BBT Now!
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, with a 52 week range of $25.26-$34.37.
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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, with a 52 week range of $25.26-$34.37.
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