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Actionable news in STI: SUNTRUST BANKS Inc,

SunTrust Banks (STI) Stock Downgraded at Baird

NEW YORK (TheStreet) -- SunTrust Banks (STI) stock rating was reduced to 'underperform' from 'neutral' at Baird Friday morning.

The firm cut its price target on the Atlanta-based bank holding company to $41 from $43.

Baird cited a negative risk to reward ratio stemming from a higher valuation than its peers due to outperformance in 2016, the Fly reports.

Shares of STI were slipping 0.71% to $43.55 in trading on Friday morning.

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