Morgan Stanley Lowers Regions Financial Corp to Hold (RF)
Regions Financial Corp (NYSE: RF) was downgraded by equities research analysts at Morgan Stanley (NYSE: MS) from a “buy” rating to a “hold” rating in a research note issued to investors on Monday. They currently have a $6.50 price target on the stock.
A number of other firms have also recently commented on RF. Analysts at Deutsche Bank (NYSE: DB) downgraded shares of Regions Financial Corp from a “buy” rating to a “hold” rating in a research note to investors on Monday. They now have a $6.50 price target on the stock, down previously from $7.50. They noted that the move was a valuation call. Separately, analysts at Rochdale Securities upgraded shares of Regions Financial Corp to a “buy” rating in a research note to investors on Tuesday, May 22nd. Finally, analysts at Compass Point reiterated a “buy” rating on shares of Regions Financial Corp in a research note to investors on Friday, May 11st.
Regions Financial Corp traded up 0.54% on Monday, hitting $5.58. Regions Financial Corp has a 1-year low of $2.82 and a 1-year high of $6.98. The company’s market cap is $7.881 billion.
Regions Financial Corp last released its earnings data on Tuesday, April 24th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.03. Analysts expect that Regions Financial Corp will post $0.16 EPS next quarter.
Regions Financial Corporation (Regions) is a financial holding company. Regions operate throughout the South, Midwest and Texas.