Stocks took a battering on Wall Street on Tuesday as several analysts reiterated or ratcheted up recommendations on financials they said represented good value.

In a broad selloff the Dow Jones industrial average tumbled 2.99% and the Nasdaq composite 6.18%. The American Banker index of the top 225 banks dropped 3.6%, and the index of the top 50 banks 3%. Still, Katrina Blecher, an analyst at Sandler O’Neill & Partners LP, reiterated her “outperform” rating Tuesday for SunTrust Banks Inc. She said she retained the rating because of how badly SunTrust’s stock has gotten hit in the market’s downdraft.

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