Analyst Rating Update on BB&T Corporation (BBT)

BB&T Corporation (BBT) : Zacks Investment Research ranks BB&T Corporation (BBT) as 3, which is a Hold recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 19 research analysts is 2.11, which indicates as a Buy.

BB&T Corporation (BBT) : The highest level BB&T Corporation (BBT) is projected to reach is $47 for the short term and the lowest estimate is at $34. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $39.55 and the possibility the share price can swing is $3.55.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Baird downgrades its ratings on BB&T Corporation (NYSE:BBT). According to the latest information available, the shares are now rated Neutral by the analysts at the agency. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on July 11, 2016.


BB&T Corporation (NYSE:BBT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.48 and $36.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.14, notching a gain of 2.09% for the day. The total traded volume was 3,977,129 . The stock had closed at $36.38 on the previous day.

BB&T Corporation (BB&T) is a financial holding company. The Company conducts its business operations primarily through its bank subsidiary, Branch Bank, and other nonbank subsidiaries. BB&Ts operations are divided into six reportable business segments: Community Banking, Residential Mortgage Banking, Dealer Financial Services, Specialized Lending, Insurance Services and Financial Services, and Other, Treasury and Corporate. Branch Bank provides a range of banking and trust services for retail and commercial clients in its geographic markets, including small and mid-size businesses, public agencies, local governments and individuals, through 1,839 offices as of December 31, 2014. BB&Ts subsidiaries offer a range of retail and commercial services to retail and commercial clients.

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