Wells Fargo Downgrades Regions Finl to Equal-Weight, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Whit Mayo has downgraded Regions Finl (NYSE:RF) from Overweight to Equal-Weight and lowered the price target from $24 to $16.
October 20, 2023 | 5:24 pm
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Regions Finl has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a lowered price target from $24 to $16.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for Regions Finl. The lowered price target from $24 to $16 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100