Deutsche Bank Upgrades BB&T Capital (BBT) to Buy

March 25, 2019 4:15 PM EDT
Get Alerts BBT Hot Sheet
Price: $54.24 --0%

Rating Summary:
    13 Buy, 18 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 32 | New: 9
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Deutsche Bank analyst Matt O\'Connor upgraded BB&T Capital (NYSE: BBT) from Hold to Buy with a price target of $53.00.

The analyst comments "We remain positive on the merger of BBT/STI (we discuss why below) and the combined stock. As a result, we are upgrading BBT to Buy to be consistent with our Buy rating on STI. Note that since the day after the BBT/STI deal was announced on Feb 7, BBT shares are down 11% (STI is -12%) vs. -6% for the BKX Index and +4% for the S&P 500. This follows a 4% rise in BBT and 10% increase in STI the day the deal was announced (vs. peers up less than 1%)."

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 $45.09 yesterday.

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