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Analyst Rating Flashback: BB&T Down 2.2% Since Downgraded 7 Days Ago (BBT)

By Nick Russo

BB&T was downgraded from Outperform to Market Perform by FBR Capital one week ago. The stock closed at $37.89, which is 2.2% lower than the price one week ago ($38.75).

There is potential upside of 10.8% for shares of BB&T based on a current price of $37.88 and an average consensus analyst price target of $41.96. BB&T shares have support at the 200-day moving average (MA) of $35.95 and additional support at the 50-day MA of $34.09.

SmarTrend is tracking the current trend status for BB&T and will alert subscribers who have BBT in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst reflections BB&T

Ticker(s): BBT