UPDATE: Deutsche Bank Raises PT to $34 on BB&T Corporation on Higher 2013 Estimates
Deutsche Bank increases its price target on BBT Corporation (NYSE: BBT) from $32 to $34 and reiterates its Buy rating on shares.
Deutsche Bank comments, "Our target price goes down given higher 2013e. BBT remains one of our top core holdings among the regionals reflecting likely upside to EPS estimates and a stock that trades at a slight discount to peers on our 2013e of $3.19. While reported NIM is likely to be under pressure from run-off of Colonial, NIM ex this should trend up, fees should grow nicely, and expenses still to benefit from lower OREO costs, credit costs should trend down and capital to remain strong."
BBT closed at $30.26 on Thursday.
Latest Ratings for BBT
|May 2016||SunTrust Robinson Humphrey||Upgrades||Neutral||Outperform|
|May 2016||Fig Partners||Upgrades||Market Perform||Outperform|
|Apr 2016||Deutsche Bank||Upgrades||Hold||Buy|
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