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Fly News Breaks for August 16, 2016
STI
Aug 16, 2016 | 07:37 EDT
As noted earlier, Bernstein downgraded SunTrust to Market Perform from Outperform. Analyst John McDonald downgraded the stock based on valuation. Additionally, the analyst says that banks will be hurt by an eventual downturn in credit metrics, while expectations of interest rate increases have diminished. Target remains $43.