UPDATE: Wunderlich Securities Reiterates BB&T Buy, $34 PT
Wunderlich Securities reiterated its BB&T (NYSE: BBT) Buy rating and $34 price target in a research report published today.
In the report, Wunderlich Securities stated, "BBT's 1Q12 operating EPS of $0.62 was $0.04 above consensus and $0.01 above our estimate as strong growth in average commercial loans, core deposits and fee income yielded 8% LQA revenue growth. Overall asset quality improved sequentially as well, a trend that we expect to continue in 2012, but at a moderating pace."
Shares of BB&T closed today at $31.10, down 0.58% from Wednesday's market close.
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