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Fly News Breaks for March 28, 2016
BBT
Mar 28, 2016 | 06:40 EDT
Piper Jaffray analyst Kevin Barker downgraded BB&T to Underweight saying margin and credit pressure will drive underperformance of the shares. Auto lenders will see higher credit losses and a material slowdown in loan growth, Barker tells investors in a research note. He keeps a $35 price target for the shares.
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