Market Overview

UPDATE: Deutsche Bank Raises PT to $34 on BB&T Corporation on Higher 2013 Estimates

Related BBT
The 11 Best Banks for Life's Biggest Firsts
Morgan Stanley Sees BB&T Corporation On Track For Higher Capital Return

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

DateFirmActionFromTo
Aug 2014Wells FargoUpgradesMarket PerformOutperform
Jul 2014JefferiesMaintainsHold
Jul 2014CLSAUpgradesSellOutperform

View More Analyst Ratings for BBT
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

Related Articles (BBT)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters