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Fly News Breaks for May 1, 2017
STI
May 1, 2017 | 07:40 EDT
As noted earlier, Wedbush upgraded SunTrust to Outperform from Neutral. Analyst Peter Winter says that SunTrust's investments have given it more cross-selling opportunities vis-a-vis its borrowers while increasing the leverage of its investment bank. Additionally, the analyst says that the business outlook of its borrowers is strong, while its cash efficiency ratio is improving. Target to $63 from $60.
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