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.


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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