SunTrust upgraded to Outperform from Market Perform at BMO Capital

theflyonthewall.com

BMO Capital upgraded SunTrust citing last night's balance sheet actions that include the liquidation of its Coca-Cola position, the sale of $200M affordable housing investments, and increasing the mortgage repurchase reserve, all of which will add to earnings and increase its TIC ratio. Price target raised to $35 from $26.

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