Barclays Downgrades Regions Finl to Underweight, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jason Goldberg downgraded Regions Financial Corp (NYSE:RF) from Equal-Weight to Underweight but increased the price target from $20 to $22.

January 02, 2024 | 10:09 am
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Regions Financial Corp was downgraded by Barclays from Equal-Weight to Underweight, although the price target was raised from $20 to $22.
The downgrade to Underweight suggests that Barclays believes Regions Financial Corp's stock might perform worse than its peers or the sector average in the short term. Despite the increase in the price target, which could imply some positive outlook on the company's value, the downgrade is likely to have a more immediate negative impact on investor sentiment and the stock price.
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