UPDATE: RBC Capital Upgrades Regions Financial (RF) to Outperform

June 18, 2018 6:15 AM EDT
Get Alerts RF Hot Sheet
Price: $19.88 +0.20%

Rating Summary:
    13 Buy, 20 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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(Updated - June 18, 2018 7:20 AM EDT)

(updated to add analsyt comments)

RBC Capital upgraded Regions Financial (NYSE: RF) from Sector Perform to Outperform with a price target of $21.00 (from $18.00).

Analyst Gerard Cassidy commented, "We recently took management on a European tour to highlight the Regions story to some major investors. The message conveyed to investors was one of optimizing profitability through leveraging its core deposit base, returning excess capital and reducing the efficiency ratio. We increased EPS estimates and upgraded our rating as well."

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 $18.59 yesterday.

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