Regions downgraded to Market Perform from Outperform at Keefe Bruyette

Keefe Bruyette analyst Christopher McGratty downgraded Regions Financial (RF) to Market Perform from Outperform with an unchanged price target of $31. The market is shifting its focus to banks with growth versus solely returns, the analyst tells investors in a research note. Meanwhile, Keefe says Regions has a growing need to defend market share and invest in technology. As such, it sees a more balanced risk/reward at current share levels.