Deutsche Bank Downgrades BB&T Capital (BBT) to Hold, Fairly Valued

Deutsche Bank downgraded BB&T Capital (NYSE: BBT) from Buy to Hold with a price target of $34.00.

The firm comments, "BBT continues to execute well, with solid loan growth, good expense mgmt, continuing improvement in credit (and related costs), and recent deals that should provide longer-term growth. And the stock has performed well vs. peers, outperforming the group by 600bps YTD. But BBT now trades at 11x our 2013E vs. 10.4x for the group and NIM pressure seems to be building—driven by the low rate environment, some one-time swap gains that run out this year and lower accretion from covered loans."

For an analyst ratings summary and ratings history on BB&T Capital click here. For more ratings news on BB&T Capital click here.

Shares of BB&T Capital closed at $32.96 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Deutsche Bank Downgrades Qifu Technology (3660:HK) (QFIN) to Hold
• Citizens Downgrades Accelerant Holdings (ARX) to Market Perform
• JPMorgan Downgrades KinderCare Learning Companies (KLC) to Underweight