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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises 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), and slightly raised its price target from $33.00 to $34.00.

Jefferies noted, “We increase our '13 and '14 estimates by a nickel and a dime, respectively, both to $3.05. A better outlook for fees drives most of the increase. While overall operating trends were positive, we remain at Hold given tougher growth comps in '14 relative to much of our universe. We increase our price target to $34 (from $33) as a result of our estimate revisions.”

BB&T Corporation closed on Thursday at $30.89.

Latest Ratings for BBT

DateFirmActionFromTo
May 2015Guggenheim SecuritiesUpgradesNeutralBuy
May 2015SusquehannaMaintainsNeutral
Apr 2015CitigroupMaintainsNeutral

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

 

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