Evercore Downgrades BofA (BAC), SunTrust (STI), First Horizon (FHN) to Equalweight, Associated Banc Corp (ASBC) to Underweight

Several analysts at Evercore Partners downgraded a number of Bank stocks Friday morning:

• BofA (NYSE: BAC) from Overweight to Equalweight, price target raised from $8 to $10
  
• SunTrust (NYSE: STI) from Overweight to Equalweight, $25 target maintained
  
• First Horizon (NYSE: FHN) from Overweight to Equalweight, $11.50 target maintained
  
• Associated Banc Corp (Nasdaq: ASBC) from Equalweight to Underweight, $12 target maintained.

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