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Sandler O'Neill Upgrades USB, STI, BBT; Downgrades FBP

November 2, 2009 11:15 AM EST
USB Hot Sheet
Rating Summary:
    6 Buy, 8 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 24 | Down: 13 | New: 29
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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