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UPDATE: Jefferies Reiterates Hold Rating, Lowers PT on BB&T Corporation

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In a report published Friday, Jefferies & Company reiterated its Hold rating on BB&T Corporation (NYSE: BBT), but slightly lowered its price target from $34.00 to $33.00.

Jefferies noted, “We leave our '12 estimate unchanged at $2.75, but reduce our '13 estimate by $0.10 to $3.00. Model changes include 1) slightly lower service charges and ‘other' fees and 2) higher expenses related to Crump. Our net interest income forecast remains unchanged as better NIM was accompanied by a more muted earning asset growth outlook. We reduce our price target to $33 from $34 to reflect lower estimates.”

BB&T Corporation closed on Thursday at $32.00.

Latest Ratings for BBT

DateFirmActionFromTo
Jan 2017UBSInitiates Coverage OnNeutral
Nov 2016Deutsche BankMaintainsBuy
Nov 2016BMO CapitalDowngradesOutperformMarket Perform

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