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BB&T (BBT) NewsBite - BBT Rises on a Pair of Upgrades

Nov 02, 2009 (Fresh Brewed Media via COMTEX) --

Company: BB&T Corp. (BBT)

BB&T (NYSE: BBT) opened at $24.96. So far today, the stock has hit a low of $24.38 and a high of $24.96. BBT is now trading at $24.86, up $0.89 (3.71%). Over the last 52 weeks the stock has ranged from a low of $12.90 to a high of $36.60. Stifel Nicolaus upped BBT this morning to Hold from Sell. Analysts at Sterne Agee lifted the stock to Buy from Neutral. Technical indicators for the stock are bullish and S&P gives BBT a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on BBT the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 19 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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News Provided by COMTEX

Company: BB&T Corp. (BBT)


Related terms: nyse, S&P

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