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Fly News Breaks for June 29, 2018
STI
Jun 29, 2018 | 09:12 EDT
Sandler O'Neill analyst Stephen Scouten upgraded SunTrust Banks to Buy from Hold with a $76 price target, which represents a 19% projected total return over the next year. For the second straight year SunTrust delivered "exceedingly positive results" regarding its coming capital plans, Scouten tells investors in a research note. He thinks the stock, down 10% from 2018 highs, offer an attractive buying opportunity ahead of its 2019 earnings potential.
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