Compass Point Reiterates Sell on Regions Financial Corporation

Compass Point reiterates its Sell rating on Regions Financial Corporation RF. In a research report published today, Compass Point states, ""We estimate that RF becomes an attractive take-out target at the $3.00 level. Given we do not believe RF is in the need to sell themselves, we view the company as being more valuable as a stand-alone company. Until there is a further normalization of credit performance and an improvement in loan transaction pricing, we find it hard to envision a scenario where RF would be acquired at a premium to tangible book value." On Tuesday, Regions Financial closed the day at $6.30.