tiprankstipranks
Regions Financial upgraded to Outperform from Peer Perform at Wolfe Research
The Fly

Regions Financial upgraded to Outperform from Peer Perform at Wolfe Research

Wolfe Research analyst Bill Carcache upgraded Regions Financial (RF) to Outperform from Peer Perform with a $24 price target. The analyst coupled the upgrade with a downgrade of U.S. Bancorp (USB). He believes Regions is better positioned relative to peers to benefit from repricing tailwinds as it remixes into higher yielding assets funded with low-beta deposits, "while providing downside protection through its best-in-class hedging strategy."

Published first on TheFly

See the top stocks recommended by analysts >>

Read More on RF:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles