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Fly News Breaks for February 11, 2019
STI, BBT
Feb 11, 2019 | 08:09 EDT
BMO Capital analyst Lana Chan raised her price target on BB&T (BBT) to $56 and kept her Outperform rating, saying she is positive on its combination with SunTrust (STI) as it drives better earnings growth and "higher profitability". The analyst also raises his FY20 EPS view to $4.90 from $4.80, adding that his other assumptions are "conservative" and not factoring in "loan discount accretion income or revenue synergies" of the deal.
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