JP Morgan Downgrades BB&T To Neutral

Analysts at JP Morgan downgraded BB&T Corporation BBT from Overweight to Neutral. The price target for BB&T has been lowered from $40.50 to $39. BB&T shares have dropped 4.22% over the past 52 weeks, while the S&P 500 index has surged 9.36% in the same period. BB&T's shares closed at $38.99 in pre-market trading.