Sun Trust Banks Downgraded at Credit Suisse (STI)

Sun Trust Banks Downgraded at Credit Suisse (STI)

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Credit Suisse reported on Tuesday that it has downgraded financial services company, SunTrust Banks, Inc. (STI).

The firm has lowered its rating on STI from “Outperform” to “Neutral.” Analysts have also lowered their estimates on the company due to its slow recovery.

SunTrust Banks shares were mostly flat during Tuesday morning trading. The stock has increased 15% in the past year.

The Bottom Line
Shares of SunTrust Banks, Inc. (STI) have a 1.43% yield, based on Tuesday morning’s price of $28.00

SunTrust Banks, Inc. (STI) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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