Compass Point maintains a 'Neutral' on BB&T Capital (BBT); Adjusting Estimates & PT

Compass Point maintains a 'Neutral' on BB&T Capital (NYSE: BBT) price target raised $1 to $32.

Analyst, Chris Gamaitoni, said, "We continue to be positive on the future operating results for BBT, but believe expectations may be too high specifically due to out sized loan growth expectations. We remain concerned that investors may over value the core profitability of BBT without taking into account the loss of accretion income in 2014. We are decreasing our 2012 EPS estimate from $3.15 to $2.92...We are increasing our 2013 EPS estimate from $3.68 to $3.74...In conclusion, we believe BBT is fairly valued relative to our estimated 2013 "core" EPS of $2.81 which excludes accretion income. We believe if the stock appreciates further from current levels, there is a risk for a share price decline due to BBT missing expectations on loan growth and correspondingly revenue."

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 $32.63 yesterday.

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