Rochdale's Bove Cuts SunTrust Banks (STI) to Neutral
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Price: $7.88 +3.55%
Rating Summary:
13 Buy, 23 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 23 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Shares of SunTrust Banks (NYSE: STI) are outperforming the broader stock market nicely despite being downgraded by Rochdale's Dick Bove Monday morning.
The stock last traded at $19.49, up about 5 percent from Friday's closing price.
Bove now rates SunTrust shares a Neutral, down from Buy previously. The analyst reduced his price target on the stock from $30 to $24.
The new Rochdale price target suggests potential upside of about 23 percent from where the stock is currently trading.
For more ratings news on SunTrust Banks click here and for the rating history of SunTrust Banks click here.
The stock last traded at $19.49, up about 5 percent from Friday's closing price.
Bove now rates SunTrust shares a Neutral, down from Buy previously. The analyst reduced his price target on the stock from $30 to $24.
The new Rochdale price target suggests potential upside of about 23 percent from where the stock is currently trading.
For more ratings news on SunTrust Banks click here and for the rating history of SunTrust Banks click here.
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