Citigroup Upgrades Regions Finl to Buy, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Keith Horowitz has upgraded Regions Financial Corp (NYSE:RF) from Neutral to Buy and increased the price target from $20 to $23, indicating a positive outlook on the stock.
March 18, 2024 | 9:06 am
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Regions Financial Corp (NYSE:RF) was upgraded by Citigroup from Neutral to Buy, with the price target raised from $20 to $23.
The upgrade from Neutral to Buy by a prominent analyst at Citigroup, along with a significant increase in the price target, suggests a strong bullish sentiment towards Regions Financial Corp. This is likely to positively influence investor perception and could lead to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100