TMCnet News
Downgrade Alert for BB&T (BBT)Jan 04, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- BB&T (NYSE:BBT) was downgraded from Buy to Neutral at Goldman Sachs today. The stock closed yesterday at $29.92 on volume of 6.0 million shares, above average daily volume of 4.0 million. In the past 52 weeks, shares of BB&T have traded between a low of $25.26 and a high of $34.37 and closed yesterday at $29.92, which is 18% above that low price. The 200-day and 50-day moving averages have moved 0.06% lower and 0.35% lower over the past week, respectively. BB&T Corporation operates banking offices in the Carolinas, Georgia, Virginia, Maryland, West Virginia, Kentucky, Alabama, Indiana, Washington D.C., Florida and Tennessee. The Company and its subsidiaries offer full-service commercial and retail banking, as well as insurance, retail brokerage, corporate finance, international banking, leasing, and trust services. Potential upside of 12.1% exists for BB&T, based on a current level of $29.92 and analysts' average consensus price target of $33.53. BB&T shares should encounter resistance at the 200-day moving average (MA) of $30.71 and support at the 50-day MA of $28.65. 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. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |