In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Overweight rating on Regions Financial Corp RF, but lowered the price target from $12.50 to $11.50.
In the report, Morgan Stanley noted, “Lowering Price Target to $11.50 on 12x 2016e earnings. EPS down 3% & 6% in '15/'16e on lower NIM as 10-year Treasury hovers below sub 2%.Stock reflects tension of EU QE and timing of Fed rate hike.”
Regions Financial closed on Tuesday at $8.74.
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