SunTrust sees FY14 tangible efficiency ratio <64% Says long-term tangible efficiency target is <60%. Says swap income is expected to remain stable in Q1, then decline gradually over the remainder of 2014. Comments from slides that will be presented on the Q4 earnings conference call.
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SunTrust downgraded to Equal-Weight from Overweight at Evercore Evercore downgraded SunTrust to Equal-Weight citing the recent outperformance of shares and net interest margin headwinds. The firm lowered its price target for shares to $40 from $42.