Nomura Securities Maintains a 'Reduce' on BB&T Capital (BBT); Update from Recent Meetings with Management

Nomura Securities maintains a 'Reduce' on BB&T Capital (NYSE: BBT) price target of $25.00.

Nomura analyst, Brian Foran, "The company is focused on how it will adapt to an extended period of slow growth, low rates and new regulatory rules. Key points: a) efficiency, b) consolidation, and c) revenue opportunities from re-intermediation and market share gains. Similar to other banks we met recently, they felt there was a disconnect between the operating environment (tough but not terrible) and the recent stock price performance. They reiterated long-term ROE targets are possible even with Fed Funds at zero (but GDP growth does need to be normal)."

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 $21.66 yesterday.

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