JPMorgan analyst Vivek Juneja rates SunTrust "Overweight," with a price target of $32.50, estimating that the company will report fourth-quarter earnings of 65 cents a share, with a 2013 EPS estimate of $2.78, increasing to $3.10 in 2014.
Juneja said in a report on Jan. 8 that "SunTrust should be one of the biggest beneficiaries from housing market recovery," as the company "has had an unusually large drag from mortgage related issues on several fronts versus peers." The analyst added that the stock's "valuation is also attractive as STI trades below regional peers based on tangible book multiple."
Interested in more on SunTrust? See TheStreet Ratings' report card for this stock.
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