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

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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
Aug 2014Wells FargoUpgradesMarket PerformOutperform
Jul 2014JefferiesMaintainsHold
Jul 2014CLSAUpgradesSellOutperform

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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