Janney Montgomery Scott Upgrades BB&T Capital (BBT) to Buy; Second Chance

Janney Montgomery Scott upgraded BB&T Capital (NYSE: BBT) from Neutral to Buy. PT increased from $30 to $33.

JMS analyst says, "We raise our rating to BUY for BB&T, because the company is trading at a lower price to earnings ratio than underperforming peers despite being better positioned to benefit from an improving economy and higher interest rates. BB&T's pretax pre-provision return on assets is one of the best among large banks, which bodes well when credit costs decline. Earnings will likely be enhanced by accretive acquisitions once sellers' expectations decline after a recent flurry of pricey deals."

For more ratings news on BB&T Capital click here and for the rating history of BB&T Capital click here.

Shares of BB&T Capital closed at $26.54 yesterday.

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