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Fly News Breaks for May 4, 2017
RF
May 4, 2017 | 06:22 EDT
BofA/Merrill analyst Erika Najarian upgraded Regions Financial to Buy saying the market is undervaluing a "significant capital return story" following the year-to-date underperformance relative to peers. The analyst sees upside to the dividend and thinks Regions can return 20% of its market capitalization over the next two years. Her price target of $17 implies 20% upside from current levels.
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