Morgan Stanley downgraded Regions Financial (RF) to Equal Weight from Overweight with a price target of $32, up from $28. While Regions enjoys a favorable position as a strong deposit gatherer in markets with positive in-migration trends, commercial and industrial loan growth is “the driving force behind the business model’s success” and the firm is reducing exposure to credit risk amid the possibility of its bear case scenario, the analyst tells investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RF:
- Regions Financial price target raised to $29 from $25 at Piper Sandler
- Unusually active option classes on open November 29th
- Regions Financial price target raised to $30 from $26 at Citi
- Regions Financial price target raised to $28 from $24 at Wells Fargo
- Regions Financial Engages Investors with Late 2024 Presentations