UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on BB&T Corporation
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.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tags: Jefferies & Company