Morgan Stanley Maintains Overweight on Regions Finl, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Betsy Graseck maintains an Overweight rating on Regions Financial Corp (NYSE:RF) but lowers the price target from $26 to $24.
October 23, 2023 | 1:49 pm
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NEGATIVE IMPACT
Regions Financial Corp's price target has been lowered from $26 to $24 by Morgan Stanley, though the Overweight rating is maintained.
The lowering of the price target by a major financial institution like Morgan Stanley could potentially lead to a decrease in the stock price of Regions Financial Corp in the short term. However, the maintained Overweight rating indicates that the stock is still expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100