Market Overview

UPDATE: Morgan Stanley Upgrades Regions Financial to Overweight on Valuation

Share:
Related RF
Regency (REG) Makes Sound Progress on Equity One Integration
Analysts Continue To Beat The Drum On The Threat Of Subprime Auto Loans

Morgan Stanley raised its rating on Regions Financial (NYSE: RF) from Underperform to Overweight and increased its price target from $8 to $8.50.

Morgan Stanley said, "Our $8.5 price target is 0.7x 2014e P/BV, 1.0x 2014e P/TBV and 10.0x 2014e P/E vs current valuation of 0.57x 2014e P/BV, 0.82x P/TBV and 8.2x P/E. Credit improvement, continued de-risking without sacrificing on loan growth critical to driving stock. … Housing/credit improvement; strong mortgage banking; higher capital return; and credit rating upgrades driving lower debt costs."

Regions Financial closed at $7.05 on Tuesday.

Latest Ratings for RF

DateFirmActionFromTo
May 2017Bank of AmericaUpgradesNeutralBuy
May 2017WedbushDowngradesOutperformNeutral
Apr 2017Evercore ISI GroupDowngradesOutperformIn-Line

View More Analyst Ratings for RF
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Upgrades Intraday Update Analyst Ratings

 

Related Articles (RF)

View Comments and Join the Discussion!