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Fly News Breaks for October 20, 2016
BBT
Oct 20, 2016 | 07:36 EDT
Macquarie analyst David Konrad downgraded BB&T to Underperform with a $36 price target based on estimates 4% and 6% below consensus for 2017 and 2018, reduced operating leverage already captured in expectations, slowing net interest income growth, acquisition risk, and stretched valuation.
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