UBS 'Cautious' on Large Regional Banks; Starts BBT, WFC at Sell

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:

• KeyCorp (NYSE: KEY)
  
• M&T Bank (NYSE: MTB)
  
• Regions Financial (NYSE: RF)
  
• US Bancorp (NYSE: USB)

Started at Sell:

• 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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