BB&T Corporation (BBT) Receives Price Target

BB&T Corporation (BBT) : 14 Wall Street analysts covering BB&T Corporation (BBT) believe that the average level the stock could reach for the short term is $39.27. The maximum price target given is $47 and the minimum target for short term is around $34, hence the standard deviation is calculated at $3.57.

BB&T Corporation (BBT) has an average broker rating of 2.17, which is interpreted as a Buy, as rated by 18 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

BB&T

Also, Equity analysts at the Brokerage firm Baird downgrades its rating on BB&T Corporation (NYSE:BBT). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on July 11, 2016.

BB&T Corporation (NYSE:BBT): The stock opened at $38.60 on Thursday but the bulls could not build on the opening and the stock topped out at $38.65 for the day. The stock traded down to $37.97 during the day, due to lack of any buying support eventually closed down at $38.32 with a loss of -0.47% for the day. The stock had closed at $38.50 on the previous day. The total traded volume was 3,889,888 shares.

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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