Lehman Brothers analyst Mark T. Lynch downgraded SunTrust Banks Inc. and Boatmen's Bancshares on Tuesday, saying both had exceeded his price targets.

SunTrust slipped 25 cents to $49.26 and Boatmen's fell $1 to $33.50, after Mr. Lynch downgraded them to "neutral" from "outperform.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.