Fly News Breaks for November 20, 2019
Nov 20, 2019 | 08:57 EDT
Janney Montgomery Scott analyst Christopher Marinac downgraded SunTrust (STI) to Neutral from Buy to match his rating on BB&T (BBT) after the latter's acquisition of the former was approved by the Federal Reserve. The merger is set to close on December 6. On BB&T, Marinac said he expects share repurchases to resume post-merger, that he sees a slight net interest margin reduction on a pro-forma basis following the merger and that he sees his fair value estimate of $58.00 for BB&T shares as supportive of a Neutral rating.
News For STI;BBT From the Last 2 Days
There are no results for your query STI;BBT