RBC Capital Maintains Outperform on Regions Finl, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Gerard Cassidy has maintained an 'Outperform' rating on Regions Financial Corp (NYSE:RF) but lowered the price target from $23 to $19.
October 23, 2023 | 3:47 pm
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Regions Financial Corp's price target has been lowered from $23 to $19 by RBC Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by RBC Capital could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
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IMPORTANCE 80
RELEVANCE 100