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In a report published Friday, Morgan Stanley analyst Betsy L. Graseck reiterated an Equal-Weight rating and $46.00 price target on
BB&T CorporationBBT.
In the report, Morgan Stanley noted, “We expect net payout ratios to rise from 10% in 2014 to 60%/80% in 2015/16 as BBT reinstates buybacks and manages B3CT1 at ~10%. Stock performance through year-end largely depends on expense management and loan growth, setting the stage for strong capital return in 2015.”
BB&T Corporation closed on Thursday at $37.95.
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