Regions Financial price target raised to $27 from $22 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Regions Financial (RF) to $27 from $22 and keeps an Equal Weight rating on the shares. The firm expects robust equities trading activity, with investment banking revenues better than management guidance, the analyst tells investors in a research note. With capital requirements lower following last week’s stress test, the firm expects management will begin to provide visibility on share buyback plans.