Sorry!! The article you are trying to read is not available now.
Guggenheim Upgrades BB&T Corp to “Buy”; Expects Dividend Boost Soon (BBT)

On Tuesday Guggenheim Partners analysts upgraded financial services company BB&T Corporation (BBT), noting a dividend boost is likely in the near term.

The firm upgraded BBT from “Neutral” to “Buy” and boosted its price target to $38. This new target suggests a 25% upside to Monday’s closing price of $30.52.

BB&T shares were up 34 cents, or 1.11%, during morning trading on Tuesday. The stock is up about +6% over the trailing twelve months.

The Bottom Line
Shares of BBT currently offer a dividend yield of 2.99% based on Tuesday’s intraday trading price of $30.80 and the company’s annualized dividend payout of 92 cents per share.

BB&T Corporation (BBT) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here