NEW YORK, April 12 (Reuters) – Shares of regional bank BB and T Corp (BBT.N) could come under pressure because economic weakness in its mid-Atlantic and southeast strongholds could require the bank to set aside more capital to cover rising losses in its residential and consumer portfolios, Barron’s said.
If that scenario occurs, analysts’ average forecast for earnings of $1.46 a share for 2009 could be too optimistic, Barron’s said in its April 13 edition.
Keefe Bruyette and Woods last week cut its share price target to $13 from $20, Barron’s said.
Shares of BB and T closed on Thursday at $20.31. (Reporting by Ilaina Jonas; Editing by Leslie Adler)