Information Provided By:
Fly News Breaks for February 8, 2019
STI, BBT
Feb 8, 2019 | 08:15 EDT
BofA Merrill Lynch analyst Erika Najarian upgraded BB&T (BBT) two notches, to Buy from Underperform, following the bank's "transformative" deal with SunTrust (STI), stating that she believes the combined institution should pose a strong competitive threat, in both retail and wholesale, to big banks within their combined footprint. The combined bank should have a dominant, concentrated presence down the Mid-Atlantic coast and "into the most vibrant parts of the Southeast," said Najarian, who raised her price target on BB&T shares to $57 from $49.
News For BBT;STI From the Last 2 Days
There are no results for your query BBT;STI