Memphis, TENN (July 22, 2010) — Morgan Keegan’s Equity Research department is pleased to announce that beginning August 2, 2010, the equity research investment rating system will be changed to reflect a 12-month time horizon and will initiate 12-month price targets for all rated stocks in our research universe. Effective August 2, Morgan Keegan will no longer publish equity research using our old six-month performance system and by August 31 every rated stock in our Equity Research universe will have a price target.
“We believe the 12-month performance rating better aligns our research recommendations with the investment needs of our clients,” stated Elkan Scheidt, Director of Equity Research and Managing Director of Morgan Keegan. “Price targets will make it easier for our clients to better understand how our equity research analysts value companies.”
Additionally, the valuation methodology used to determine the price target and risk factors will be published in every research report. For more information regarding the new rating system and price target methodology, visit www.morgankeegan.com/ratings.
Morgan Keegan’s Equity Research department consists of 22 senior analysts who provide research coverage on over 300 companies from ten industry sectors, including consumer services, energy, financial services, healthcare, industrial distribution/construction, real estate, security, safety & defense, special situations, technology and transportation. Recently, ten Morgan Keegan equity research analysts were ranked among the best analysts in the U.S. by The Financial Times/StarMine and The Wall Street Journal.
About Morgan Keegan & Company, Inc.
Morgan Keegan & Company, Inc., one of the largest regional full-service brokerage and investment banking firms in the nation, is the securities brokerage arm of Regions Financial Corp. (NYSE:RF). Headquartered in Memphis, Tenn., Morgan Keegan has over 300 offices in 19 states. Additional information about Morgan Keegan can be found at www.morgankeegan.com.
About Regions
Regions Financial Corporation, with $137 billion in assets, is a member of the S&P 100 Index and one of the nation's largest full-service providers of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services. Regions serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,800 banking offices and 2,200 ATMs. Additional information about Regions and its full line of products and services can be found at www.regions.com.
