By: Benzinga
UPDATE: Morgan Stanley Downgrades BB&T Corporation to Equal-Weight on NIM Pressure
Morgan Stanley reduced its rating on BB&T Corporation (NYSE: BBT ) from Overweight to Equal-weight with a reiterated $33 price target. Morgan Stanley noted, "Higher NIM pressure vs. peers, particularly on securities re-pricing and declining benefit from accretable yield. Majority of the benefit from declining credit related costs is
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