Raymond James May Have Just Upped Their Stakes in BB&T Corp (TSE:BB)


BB&T Corp (TSE:BB) Stock Upgrade

In a very recent research note issued today, Raymond James boosted shares of BB&T Corp (TSE:BB) to a solid Strong Buy rating from their previous Outperform rating.

From a total of 6 analysts covering BB&T Corp (TSE:BB) stock, 1 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 25% of the ratings are positive. The highest target price is $11 while the lowest target price is $7. The mean of all analyst targets is $8.17 with a 202.92% above today’s ($10.29) stock price. BB&T Corp was the topic of 6 analyst reports since September 2, 2015 according to the firm StockzIntelligence Inc. Piper Jaffray initiated shares on November 24 with “Neutral” rating. Hilliard Lyons downgraded BB stock in a recent report from October 16 to “Neutral” rating. Finally, Robert W. Baird upgraded the stock to “Outperform” rating in a report issued on a September 2.

Approximately 456,845 shares of stock traded hands. BlackBerry Ltd (TSE:BB) has declined 15.31% since May 4, 2015 and is downtrending. It has underperformed by 14.23% the S&P500.

 Raymond James May Have Just Upped Their Stakes in BB&T Corp (TSE:BB)

BlackBerry Limited is a well-known provider of mobile communications and services. The company has a market cap of $5.41 billion. The Firm is engaged primarily in the provision of the BlackBerry wireless solution, consisting of smartphones, service and software. It currently has negative earnings. The Company’s four areas of business are Devices business, Enterprise Services, BlackBerry Technology Solutions (BTS) business and Messaging.