Morgan Stanley Sticks to Its Hold Rating for BB&T Corp (BBT)

By Ryan Adsit

In a report released today, Betsy Graseck from Morgan Stanley maintained a Hold rating on BB&T Corp (BBTResearch Report), with a price target of $53. The company’s shares opened today at $49.17.

According to TipRanks.com, Graseck is a 4-star analyst with an average return of 7.8% and a 60.4% success rate. Graseck covers the Financial sector, focusing on stocks such as Discover Financial Services, Goldman Sachs Group Inc, and JPMorgan Chase & Co.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BB&T Corp with a $55.88 average price target.

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The company has a one-year high of $56.03 and a one-year low of $40.68. Currently, BB&T Corp has an average volume of 6.07M.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is negative on the stock.

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BB&T Corp. engages in the provision of banking and trust services through its subsidiaries. It operates through the following segments: Community Banking-Retail; Community Banking-Commercial; Insurance Holdings; and Financial Services and Commercial Finance; Other, Treasury and Corporate.