Deutsche Bank Boosts Price Target on Regions Financial (RF) to $7.50

Deutsche Bank raised its price target on Buy-rated Regions Financial (NYSE: RF) from $6.50 to $7.50, reflecting less capital uncertainty (following the recent capital raise to repay TARP).

The firm comments, "Our TP assumes RF trades in line to our target group multiple of 9.5x our 2013E."

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 $6.52 yesterday.

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