Wells Fargo upgraded its rating of Regions Financial (NYSE:RF) to Overweight with a price target of $26.00, changing its price target from $24.00 to $26.00.
Shares of Regions Financial are trading up 1.81% over the last 24 hours, at $21.13 per share.
A move to $26.00 would account for a 23.07 increase% shift from the current share price.
About Regions Financial
Regions Financial is a regional bank headquartered in Alabama, with branches primarily in the Southeastern and Midwestern United States. Regions primarily provides traditional commercial and retail banking and also offers mortgage services, asset management, wealth management, securities brokerage, insurance, and trust services.
About Analyst Ratings
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
