RBC Capital Markets Sees STI At $50
Gerard Cassidy of RBC Capital Markets said on CNBC's Fast Money that he believes that SunTrust Banks, Inc.
(NYSE: STI) would be a good takeover candidate. There are rumors on the street that an acquisition of a regional bank might happen and Gerard Cassidy believes that SunTrust Banks (STI) could become available. He added that if a takeover scenario happens STI could spike to $50.
He added that Boston Private Financial Holdings Inc (NASDAQ: BPFH) is also a possible takeover candidate, and Pete Najarian commented that you should watch Huntington Bancshares Incorporated (NASDAQ: HBAN) for the same reason.
SunTrust Banks (STI) added 2.23% today, Boston Private Holdings (BPFH) gained 2.48% and Huntington (HBAN) jumped 2.86%.
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