JP Morgan Downgrades Regions Finl to Neutral, Lowers Price Target to $16.5
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Vivek Juneja has downgraded Regions Finl (NYSE:RF) from Overweight to Neutral and lowered the price target from $19 to $16.5.
October 27, 2023 | 10:30 am
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NEGATIVE IMPACT
Regions Finl has been downgraded by JP Morgan from Overweight to Neutral, with a lowered price target of $16.5.
The downgrade from JP Morgan, a major financial institution, could negatively impact investor sentiment towards Regions Finl. The lowered price target suggests that JP Morgan expects the stock's value to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100