Market Overview

Keefe, Bruyette & Woods Lowers Price Target On SunTrust Banks On Lowered EPS Estimates

Share:
Related STI
A Peek Into The Markets: US Stock Futures Up Ahead Of Procter & Gamble Earnings
Earnings Scheduled For October 19, 2018
An Enhanced Approach To Dividend Growth Investing (Seeking Alpha)

In a report published Tuesday, Keefe, Bruyette & Woods analyst Christopher Mutascio reiterated an Outperform rating on SunTrust Banks, Inc. (NYSE: STI), but lowered the price target from $46.00 to $45.00.

In the report, Keefe, Bruyette & Woods noted, “Based on the company's 4Q14 results reported on Friday (see our Initial Look note), management's updated guidance and our view that the Fed will hold short-term interest rates lower for longer than originally anticipated, we are lowering our EPS estimates to $3.35 and $3.65 from $3.40 and $3.75 for 2015 and 2016, respectively. We are modestly lowering our target price to $45 from $46 to account for the lower 2016 EPS estimate. With a total potential return of 20%, we are maintaining our Outperform rating.”

SunTrust Banks closed on Friday at $38.19.

Latest Ratings for STI

DateFirmActionFromTo
Dec 2018Credit SuisseMaintainsNeutralNeutral
Oct 2018BMO CapitalMaintainsMarket PerformMarket Perform
Oct 2018B. Riley FBRMaintainsBuyBuy

View More Analyst Ratings for STI
View the Latest Analyst Ratings

Posted-In: Bruyette & Woods Christopher Mutascio KeefeAnalyst Color Price Target Analyst Ratings

 

Related Articles (STI)

View Comments and Join the Discussion!

Latest Ratings

StockFirmActionPT
SYBXChardan CapitalInitiates Coverage On20.0
GEJP MorganUpgrades6.0
FEYEMorgan StanleyDowngrades21.0
ADCJefferiesUpgrades70.0
HTAJefferiesDowngrades0.0
View the Latest Analytics Ratings
Don't Miss Out!
Join Our Newsletter
Subscribe to:
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
Your weekly roundup of hot topics in the exciting world of fintech.
Thank You
for registering for Benzinga’s newsletters and alerts.
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
• The Market in 5 Minutes email will be received daily between 7am and 8am.
• The Fintech Focus email will be received every Friday between 2pm and 5pm.

BMO Capital Initiates LendingClub At Outperform

JMP Securities Turns Bearish On Intel