Wall Street Analysts Are Neutral on Top Financial Picks

By Austin Angelo

Analysts fell to the sidelines weighing in on Patriot National Inc (NYSE: PN), Equity Residential (NYSE: EQR) and Regions Financial (NYSE: RF) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.

Patriot National Inc (NYSE: PN)

In a report released today, Brian Meredith from UBS downgraded Patriot National Inc (NYSE: PN) to Hold. The company’s shares closed yesterday at $6.29.

According to TipRanks.com, Meredith is a 4-star analyst with an average return of 9.2% and a 81.1% success rate. Meredith covers the Financial sector, focusing on stocks such as American International Group, Marsh & Mclennan Companies, and Renaissancere Holdings Ltd.

Patriot National Inc has an analyst consensus of Moderate Buy.

Equity Residential (NYSE: EQR)

J.P. Morgan analyst Anthony Paolone reiterated a Hold rating on Equity Residential (NYSE: EQR) on November 11 and set a price target of $75. The company’s shares closed yesterday at $59.30, close to its 52-week low of $58.60.

According to TipRanks.com, Paolone is a 5-star analyst with an average return of 8.8% and a 67.8% success rate. Paolone covers the Financial sector, focusing on stocks such as Jones Lang Lasalle Inc., Office Properties Trust, and Apartment Inv. & Mgmt.

Currently, the analyst consensus on Equity Residential is Hold and the average price target is $69.33, representing a 16.9% upside.

In a report issued on October 31, Mizuho Securities also upgraded the stock to Hold with a $62 price target.
Regions Financial (NYSE: RF)

Piper Jaffray analyst Kevin Barker downgraded Regions Financial (NYSE: RF) to Hold today. The company’s shares closed yesterday at $13.53, close to its 52-week high of $13.54.

According to TipRanks.com, Barker is a 5-star analyst with an average return of 8.2% and a 66.7% success rate. Barker covers the Financial sector, focusing on stocks such as Hilltop Holdings Inc., Federal Agricultural, and New Residential Inv.

Currently, the analyst consensus on Regions Financial is Moderate Buy and the average price target is $11.33, representing a -16.3% downside.

In a report issued on November 8, Sandler O’Neill also downgraded the stock to Hold.