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