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Jefferies Keeps Their Buy Rating on SunTrust Banks


In a report issued on July 9, Ken Usdin from Jefferies reiterated a Buy rating on SunTrust Banks (NYSE: STI), with a price target of $76. The company’s shares closed yesterday at $67.64.

According to TipRanks.com, Usdin is a top 25 analyst with an average return of 25.4% and a 84.8% success rate. Usdin covers the Financial sector, focusing on stocks such as Bank Of Hawaii Corp, State Street Corp, and Bank of America.

Currently, the analyst consensus on SunTrust Banks is a Strong Buy with an average price target of $77, which is a 13.8% upside from current levels. In a report issued on June 27, Bernstein also upgraded the stock to Buy with a $76 price target.

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The company has a one-year high of $73.37 and a one-year low of $51.96. Currently, SunTrust Banks has an average volume of 2.89M.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is neutral on the stock.

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SunTrust Banks, Inc. is a bank and financial holding company that engages in the provision of financial services. It offers deposit, credit, mortgage banking, trust and investment, asset management, securities brokerage, and capital market services. It operates through the following segments: Consumer, Wholesale, and Corporate Other.