In a report published Tuesday, Guggenheim Securities analyst Marty Mosby reiterated a Neutral rating on BB&T Corporation BBT, and raised the price target from $38.00 to $40.00.
In the report, Guggenheim Securities noted, “Until short-term interest rates are expected to rise soon or regulators loosen their grip on excess capital, we believe investors should begin to be more selectively focused on banks with the potential for earnings momentum and a relative discount in valuation.”
BB&T Corporation closed on Monday at $34.70.
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