Information Provided By:
Fly News Breaks for February 8, 2019
BBT, STI
Feb 8, 2019 | 08:43 EDT
As previously reported, Sandler O'Neill analyst Stephen Scouten downgraded SunTrust (STI) to Hold from Buy following the company's announcement of a merger of equals with BB&T (BBT). He adjusted his price target on SunTrust shares to $69 based on his current price target of $53 for B&BT shares.