UBS analyst Erika Najarian downgraded Regions Financial to Neutral from Buy with an unchanged price target of $24. Recent talks with management indicate that both deposit run-off and deposit beta "continue to surpass expectations" in Q4, said Najarian. However, she believes the current valuation reflects this and other positives.
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Published first on TheFly
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- Regions Financial downgraded to Hold from Buy at Jefferies
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