Bernstein Upgrades RF, CMA, FITB; Downgrades MI, SNV

November 5, 2008 11:30 AM EST

Sanford C. Bernstein made a number of rating changes in the financial space today, citing valuation.

Downgrades:
Marshall & Ilsley (NYSE: MI) downgraded from Outperform to Market Perform
Synovus (NYSE: SNV) downgraded from Outperform to Market Perform

Upgrades:
Regions Financial (NYSE: RF) from Market Perform to Outperform
Comerica (NYSE: CMA) from Market Perform to Outperform
Fifth Third (Nasdaq: FITB) from Market Perform to Outperform


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Downgrades
Upgrades

Stocks Mentioned

CMA 18.86

-1.51 -7.41%
Volume: 2,323,156
Track CMA

FITB 7.93

-0.52 -6.15%
Volume: 7,707,557
Track FITB

MI 12.28

-1.11 -8.29%
Volume: 2,780,894
Track MI

RF 7.91

-0.92 -10.42%
Volume: 11,288,739
Track RF

SNV 6.99

-0.30 -4.12%
Volume: 5,750,517
Track SNV


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