Market Overview

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

Share:
Related BBT
Earnings Scheduled For July 21, 2016
Benzinga's Top Downgrades
BB&T (BBT) Kelly S. King on Q2 2016 Results - Earnings Call Transcript (Seeking Alpha)

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
Jul 2016BairdDowngradesOutperformNeutral
Jun 2016Sandler O'NeillDowngradesBuyHold
May 2016SunTrust Robinson HumphreyUpgradesNeutralOutperform

View More Analyst Ratings for BBT
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

Related Articles (BBT)

View Comments and Join the Discussion!