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FBR Capital Rating Change Has Had Little Impact, Regions Financial Stock Prices Virtually Unchanged (RF)

By Shiri Gupta

A week ago, FBR Capital downgraded Regions Financial from Outperform to Market Perform. Regions Financial stocks closed at $10.25, an insignificant change over the course of one week.

Potential upside of 9.5% exists for Regions Financial, based on a current level of $10.24 and analysts' average consensus price target of $11.22. Regions Financial shares have support at the 200-day moving average (MA) of $9.06 and additional support at the 50-day MA of $8.36.

SmarTrend recommended that subscribers consider buying shares of Regions Financial on July 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $9.07. Since that recommendation, shares of Regions Financial have risen 10.4%. We continue to monitor RF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst reflections regions financial

Ticker(s): RF