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UPDATE: Morgan Stanley Downgrades BB&T Corporation to Equal-Weight on NIM Pressure

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BB&T Offers Mid-Cycle Stress Test
Earnings Scheduled For July 16, 2015

Morgan Stanley reduced its rating on BB&T Corporation (NYSE: BBT) from Overweight to Equal-weight with a reiterated $33 price target.

Morgan Stanley noted, "Higher NIM pressure vs. peers, particularly on securities re-pricing and declining benefit from accretable yield. Majority of the benefit from declining credit related costs is already in the run rate, and management is cutting expenses more slowly than peers to expand footprint in Texas and maintain competitive position."

BB&T Corporatio closed at $29.64 on Tuesday.

Latest Ratings for BBT

DateFirmActionFromTo
Jul 2015Deutsche BankReinstatesHold
Jul 2015Keefe Bruyette & WoodsMaintainsMarket Perform
Jul 2015CitigroupMaintainsNeutral

View More Analyst Ratings for BBT
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Downgrades Intraday Update Analyst Ratings

 

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