UPDATE: Wunderlich Securities Reiterates BB&T Buy, $34 PT

Wunderlich Securities reiterated its BB&T

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.