Story updated at 10 a.m. to reflect market activity.
Shares of BB&T gained 0.9% to $38.28 in morning trading.
The analyst firm also raised its EPS estimates for the regional bank through 2015. BMO analysts expect BB&T to report earnings of $2.75 a share for full year 2014, up from its previous estimate of $2.70 a share. For 2015 the analysts now expect earnings of $3.05 a share, up from $3.00 a share.
The increase price target and EPS estimates follow an upbeat investor day earlier in the week, according to BMO analysts Lana Chan, Peter J. Winter, and Oliver Brassard.
Separately, TheStreet Ratings team rates BB&T CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate BB&T CORP (BBT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: