UPDATE: Keefe, Bruyette & Woods Upgrades Regions Financial (RF) to Market Perform

(Updated - August 25, 2015 9:37 AM EDT)

Keefe, Bruyette & Woods upgraded Regions Financial (NYSE: RF) from Underperform to Market Perform with a price target of $10.50, amid the recent sell-off.

Analyst Christopher Mutascio commented, "With the recent sell-off in the shares, we are upgrading our rating to Market Perform from Underperform. While we still believe there is downside risk to consensus EPS estimates, such risk appears to be reflected in the current valuation with the shares trading below 10x our 2017 EPS estimate (a discount to the group average). There are no changes to our EPS estimates of $0.74, $0.81 and $0.93 for 2015, 2016 and 2017, respectively. Similarly, there is no change to our $10.50 target price."

For an analyst ratings summary and ratings history on Regions Financial click here. For more ratings news on Regions Financial click here.

Shares of Regions Financial closed at $8.98 yesterday.

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