UBS 'Cautious' on Large Regional Banks; Starts BBT, WFC at Sell
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UBS has initiated coverage on the large regional banking sector today, slapping a Cautious rating on the group. The firm believes that these stocks "have run too fast" recently.
Started at Neutral:
- BB&T (NYSE: BBT)
- Wells Fargo (NYSE: WFC)
- Comerica (NYSE: CMA)
- Fifth Third (Nasdaq: FITB)
- SunTrust (NYSE: STI)
- PNC Financial (NYSE: PNC)
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