trending Market Intelligence /marketintelligence/en/news-insights/trending/nw7pkcpjvsumony1unf-sg2 content esgSubNav
In This List

Argus Research upgrades SunTrust to 'buy'

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Investment Banking Essentials Newsletter April Edition - 2022

Blog

Banking Essentials Newsletter April Edition - 2022


Argus Research upgrades SunTrust to 'buy'

Upgrade

Stephen Biggar of Argus Research upgraded Atlanta-based SunTrust Banks Inc.'s stock rating to "buy" from "hold" and set the price target of $75.

Biggar raised SunTrust's EPS estimates to $5.34 from $5.21 for 2018, and to $5.76 from $5.61 for 2019.

The analyst attributed the upgrade to the results of SunTrust's Comprehensive Capital Analysis and Review, which are allowing for better capital returns than the analyst expected.

"SunTrust has positioned its balance sheet to be asset-sensitive over the next two years, though less so than other regional banks, as it expects interest rate increases to be gradual," wrote Biggar.