Barclays Maintains an 'Underweight' on SunTrust Banks (STI); Gain on Coke Sale Masks Additional Repurchase Losses
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UBS Maintains a 'Buy' on SunTrust Banks (STI); What Risk?
September 7, 2012 10:53 AM EDTUBS maintains a 'Buy' on SunTrust Banks (NYSE: STI) price target of $30.00 (from $27.00).
Analyst, Greg Ketron, said, "We believe STIs plan will be viewed positively as it significantly reduces the stocks risk-profile. A $375 mln repurchase provision intended to reserve for... More
Oppenheimer Maintains an 'Outperform' on SunTrust Banks (STI); Putting Repurchase Demands to Bed
September 7, 2012 10:05 AM EDTOppenheimer maintains an 'Outperform' on SunTrust Banks (NYSE: STI) price target of $31.00 (from $28.00).
Analyst, Terry McEvoy, said, "SunTrust announced a series of actions to reduce the volatility of its capital position (post-Basel III) and improve the overall risk profile while hopefully putting the... More
Pre-Open Movers 9/7: (SWHC) (ULTA) (QCOR) Higher; (ADNC) (P) (INTC) Lower (more...)
September 7, 2012 9:30 AM EDTAudience, Inc. (NASDAQ: ADNC) 59% LOWER ; Warned that Apple may not use its processor IP in the iPhone 5.... More
Compass Point Maintains a 'Buy' on SunTrust Banks (STI); Actions Should Help Alleviate Risk
September 7, 2012 9:07 AM EDTCompass Point maintains a 'Buy' on SunTrust Banks (NYSE: STI) price target of $29.00.
Analyst, Mike Turner, said, "STI announced a series of actions that will reduce their credit risk, ring-fence GSE-related putback liability and reduce the potential negative impact of the Basel III NPR. Net... More
BMO Capital Upgrades SunTrust Banks (STI) to Outperform
September 7, 2012 8:43 AM EDTBMO Capital upgraded SunTrust Banks (NYSE: STI) from Market Perform to Outperform with a price target of $35.00 (from $26.00), following actions... More
Jefferies Updates Numbers on SunTrust Banks (STI); Wash it Down with a Coke
September 7, 2012 7:15 AM EDTJefferies maintains a 'Buy' on SunTrust Banks (NYSE: STI) price target of $29.00 (from $28.00).
Analyst, Ken Usdin, said, "We view STI's Coke (NYSE: KO)(NotCovered) sale and balance sheet derisking as a modest positive as it eliminates the... More
After-Hours Movers 9/6: (SWHC) (ULTA) (COO) Higher; (ADNC) (MFRM) (BLOX) Lower (more...)
September 6, 2012 5:29 PM EDTAudience, Inc. (NASDAQ: ADNC) 50% LOWER ; Warned that Apple may not use its processor IP in the iPhone... More
SunTrust Banks (STI) Announces Actions to Improve Profile & Balance Sheet
September 6, 2012 4:16 PM EDTSunTrust Banks, Inc. (NYSE: STI) announced a series of actions in the third quarter 2012 that better position the Company for the future.
STI accelerated the termination of the agreements regarding the shares owned in The Coca-Cola Company (NYSE:... More
