Evercore ISI Group Downgrades Regions Finl to In-Line, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst John Pancari has downgraded Regions Financial Corporation (NYSE:RF) from Outperform to In-Line while raising the price target from $16.50 to $21.00.
January 03, 2024 | 12:04 pm
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NEUTRAL IMPACT
Regions Financial Corporation was downgraded by Evercore ISI Group from Outperform to In-Line, although the price target was raised from $16.50 to $21.00.
The downgrade to In-Line suggests that Evercore ISI Group sees limited upside potential for RF's stock, aligning it with market performance expectations. However, the increase in the price target to $21 indicates a positive revision of the stock's value, which could counterbalance the downgrade's negative impact. The mixed signals may lead to a neutral short-term impact on the stock price as the market digests both pieces of information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100