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Fly News Breaks for April 1, 2015
BBT
Apr 1, 2015 | 05:52 EDT
JPMorgan downgraded BB&T to Neutral saying shares are appropriately valued at current levels as the bank will benefit less than peers from rising interest rates. Further, the firm expects BB&T's revenue growth to be challenged by "tepid" loan growth and the continued drop in net interest margin. It lowered its price target for shares to $39 from $40.50.
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