Barclays Maintains Equal-Weight on Regions Finl, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jason Goldberg has maintained an Equal-Weight rating on Regions Financial Corp (NYSE:RF) but lowered the price target from $23 to $20.
October 23, 2023 | 2:50 pm
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Regions Financial Corp's price target has been lowered from $23 to $20 by Barclays, while maintaining an Equal-Weight rating.
The lowering of the price target by Barclays indicates a potential decrease in the stock's value. This could lead to a negative short-term impact on the stock's price. However, the Equal-Weight rating suggests that the stock is expected to perform in line with the sector or the market, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100