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Fly News Breaks for January 9, 2019
RF
Jan 9, 2019 | 05:51 EDT
UBS analyst Saul Martinez upgraded Regions Financial to Buy while lowering his price target for the shares to $17 from $20. After dropping 25.8% since August 2018, the valuation now factors in an "excessively negative outlook," Martinez tells investors in a research note. Further, the analyst sees "ample room" for the company to improve efficiency and believes it capital optimization should continue.
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