Market Overview

UPDATE: Deutsche Bank Downgrades Regions Financial to Hold on Rate Decline and Share Outperformance

Related RF
Wunderlich Securities Sees 3Q14 EPS Ahead Of Consensus For Regions Financial Corp.
Earnings Scheduled For October 21, 2014

Deutsche Bank reduces its rating on Regions Financial (NYSE: RF) from Buy to Hold and reduces its price target from $7.50 to $6.50.

Deutsche Bank notes, "RF has made meaningful progress on a number of fronts over the past year (credit improvement, sale of Morgan Keegan, TARP repayment, etc.)—driving the stock up 37% YTD (vs. +9% for the group) and more than double the 4Q11 low. While we see potential further upside longer term (from loan growth, expense mgmt, higher NIM), near-term upside is likely to prove challenging given the sharp drop in interest rates of late (5- and 10-year Treasury rates are -42bps and -75bps QTD, respectively) and a potentially weaker macro growth environment—both of which will make revenue growth more difficult."

RF closed at $5.88 on Friday.

Latest Ratings for RF

DateFirmActionFromTo
Oct 2014Morgan StanleyMaintainsOverweight
Oct 2014BernsteinInitiates Coverage onOutperform
Sep 2014JP MorganMaintainsNeutral

View More Analyst Ratings for RF
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Reiteration Pre-Market Outlook Analyst Ratings

 

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