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Dick Bove upgrades BB&T (BBT +2.9%) to buy, lifting his price target to $32, saying big...

Dick Bove upgrades BB&T (BBT +2.9%) to buy, lifting his price target to $32, saying big loan-loss reserves might be unnecessary if loan losses peak soon. He estimates the lender's reserves will drop to $1.9B in 2012 from $2.8B today.
Comments (2)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Bove is a complete clown and fraud. Why are we even giving him media coverage? It's bad enough CNBC parades him around along with rest of their "experts".
    27 Jan 2010, 11:13 AM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    Right, where was he during the bust in 08? He was upgrading Bank stocks!

     

    He knows little and like most analysts, is no better than throwing darts at a dart board.
    27 Jan 2010, 12:38 PM Reply Like
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