Wednesday, July 23, 2008

Baird upgrades SunTrust

They cited valuation, and noted that the company was unlikely to need to raise capital. It's not like they went out on a limb with this call. STI already monetized their Coke stake, and reported better than expected earnings.

But the stock should be able to go to 44 today, so I'll take the call, and the pain it inflicts on the shorts!

No comments: