BB&T; Corporation (NYSE: BBT) Upgraded by Goldman to Neutral
Monday, April 25, 2022 11:00 AM

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Goldman upgraded BB&T Corp. (NYSE: BBT) from sell to neutral citing valuation and improving credit. The price target of the stock has been raised to $26 from $23.

The shares of BBY last traded at $25.98, down 2.29 percent, on Thursday. BB&T has a 52 week low of $21.72 and a 52 week high of $35.72. The company has the total market cap of $18.46 billion. The price to earning ratio of the company is 22.67 and PEG ratio is 2.28.

BB&T is one of the largest financial services holding companies in the U.S. with $157 billion in assets and market capitalization of $19.1 billion. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services.

 

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