Keefe Bruyette & Woods Reiterates Outperform Rating on SunTrust Banks

According to a recent report, Keefe, Bruyette & Woods has reiterated an Outperform rating on SunTrust Banks (NYSE: STI) and maintained a $35.00 price target after marketing with the company's CEO and CFO.

In the report, Keefe, Bruyette & Woods said, "With credit improving, the new senior managers will have the luxury of focusing on revenue and expense initiatives rather than credit and capital."

SunTrust Banks closed yesterday at $27.20.