SunTrust (NYSE: STI) was the recipient of a ratings changes during the seven days:

  • SunTrust had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $30.00 price target on the stock. Zacks‘ analyst wrote, “SunTrust’s second quarter 2012 results were marginally ahead of the Zacks Consensus Estimate. Lower provision for credit losses along with top-line growth lifted the results. Also, the quarter witnessed stable capital ratios and improved asset quality. Nevertheless, a surge in operating expenses was the primary dampener. We believe that better average client deposits, robust credit quality and favorable deposit mix are amongst the company’s key strengths. Its recent acquisitions and cost-cutting initiatives are encouraging despite the persistently low interest rate environment, sluggish economic recovery and overall industry challenges. However, we are concerned about SunTrust’s exposure to risky assets, limited margin improvement and continued regulatory pressures.”
  • SunTrust had its “buy” rating reaffirmed by analysts at Jefferies Group. They now have a $33.00 price target on the stock.
  • SunTrust had its “underweight” rating reaffirmed by analysts at Barclays Capital. They now have a $30.00 price target on the stock.
  • SunTrust had its “market perform” rating reaffirmed by analysts at FBR Capital. They now have a $30.00 price target on the stock.
  • SunTrust had its “neutral” rating reaffirmed by analysts at Goldman Sachs. They now have a $33.00 price target on the stock.

SunTrust opened at 29.66 on Thursday. SunTrust has a 52-week low of $15.79 and a 52-week high of $30.79. The company has a market cap of $15.837 billion and a price-to-earnings ratio of 19.92.

SunTrust Banks, Inc. (SunTrust) is a commercial banking organization. The Company is a diversified financial services holding company whose businesses provide a range of financial services to consumer and corporate clients.