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Fly News Breaks for November 14, 2016
BBT
Nov 14, 2016 | 07:02 EDT
As previously reported, Morgan Stanley upgraded BB&T to Underweight from Equal Weight and raised its price target to $42 from $37. Analysts led by Betsy Graseck said the Republican sweep is positive for all financial stocks due to increased growth, higher rates, lower taxes, and less regulation but downgraded BB&T due to relative valuation and sees risks to slower cost savings and increased competition.
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