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Actionable news in STI: SUNTRUST BANKS Inc,

SunTrust Banks (STI) Stock Price Target Upped at BMO Capital

NEW YORK (TheStreet) -- SunTrust Banks' (STI - Get Report) price target was raised to $44 from $41 at BMO Capital Markets. The firm has a "market perform" rating on the stock.

The new price target comes after the Atlanta-based holding company of SunTrust Bank posted better-than-expected results for the 2016 first quarter on Friday.

SunTrust reported earnings of 84 cents per share, trumping analysts' expectations of 75 cents per share. Revenue was $2.06 billion, higher than analysts' estimates of $2.03 billion.

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