FBR Capital Upgrades Regions Financial (RF) to Outperform on Trump Presidency
Get Alerts RF Hot Sheet
Rating Summary:
11 Buy, 23 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 17 | Down: 14 | New: 17
Join SI Premium – FREE
FBR Capital upgraded Regions Financial (NYSE: RF) from Market Perform to Outperform with a price target of $15.00 (from $10.50) on Trump victory.
Analyst Paul Miller commented, "We believe President-elect Donald Trump's political agenda—which includes deregulation, lower taxes, increased spending, and a bias for higher interest rates—paves the road to the most favorable macroeconomic environment for financials since before the financial crisis. Pertaining to banks, stronger revenues, lower expenses, and a greater ability to deploy excess capital offer a clear road map to stronger ROEs for the banks, which has us more positive on valuations. While higher rates should be a positive for all banks, we highlight the following asset-sensitive banks as having the strongest benefit: BAC, CMA, IBKC, JPM, KEY, PACW, PFBC, RF, STBZ, and ZION"
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 $12.45 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Cleveland Research Upgrades Dynatrace Inc. (DT) to Buy, 'optimism underlying fundamentals are likely to support upside'
- Regions Financial (RF) call put ratio 1 call to 1.8 puts into quarter results and outlook
- Infosys Technologies (INFY) PT Lowered to $18 at BMO Capital
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT Change, UpgradesRelated Entities
Donald J. TrumpSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!