Friedman Billings Upgrades Regions Financial (RF) to Market Perform

September 8, 2008 7:20 AM EDT

Friedman Billings upgrades Regions Financial (NYSE: RF) from Underperform to Market Perform and raises their price target to $12 following news the GSEs will enter conservatorship.

Regions Financial Corporation operates as the holding company for Regions Bank that provides a range of commercial, retail, and mortgage banking services in the United States.


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