Baird upgrades Regions Financial stock rating on valuation

Baird has upgraded Regions Financial (NYSE:RF) stock rating to Neutral from Underperform, setting a price target of $28.00, citing valuation as the reason despite a modest rate-driven sell-off. The firm noted that the short case for the stock is becoming more difficult to justify given its current trading multiples and consistent dividend payments over 56 years. Other analysts like RBC Capital, Cantor Fitzgerald, and DA Davidson have also recently raised their price targets for Regions Financial