Regions Financial Corporation (RF) : Analyst Rating Update

Regions Financial Corporation (RF) has an average broker rating of 2.42, which is interpreted as a Buy, as rated by 19 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Regions Financial Corporation (RF) : The highest level Regions Financial Corporation (RF) is projected to reach is $12 for the short term and the lowest estimate is at $9. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $9.91 and the possibility the share price can swing is $0.82.

Regions Financial Corporation (NYSE:RF): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.95 and $7.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.20. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.19, notching a gain of 2.12% for the day. The total traded volume was 26,737,245 . The stock had closed at $8.02 on the previous day.

Also, Major Brokerage house, Keefe Bruyette & Woods upgrades its ratings on Regions Financial Corporation (NYSE:RF). In the latest research report, Keefe Bruyette & Woods raises the target price from $9.5 per share to $11 per share. According to the latest information available, the shares are now rated Market Perform by the analysts at the agency. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on June 6, 2016. The company shares have dropped -18.41% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $10.87 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.27 and the 200 Day Moving Average price is recorded at $8.62.

Regions Financial Corporation is a financial holding company. The Company conducts its banking operations through Regions Bank, an Alabama state-chartered commercial bank, which is a member of the Federal Reserve System. The Company carries out its business in three segments: Corporate Bank, Consumer Bank and Wealth Management. The Corporate Bank segment represents the Companys commercial banking functions, including commercial and industrial, commercial real estate and investor real estate lending. The Consumer Bank segment represents the Companys branch network, including consumer banking products and services related to residential first mortgages, home equity lines and loans and small business loans, among others. The Wealth Management segment offers individuals, businesses, Governmental institutions and non-profit entities a range of solutions to enable transfer of wealth.

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