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Regions Financial price target lowered to $25 from $28 at Citi

Citi lowered the firm’s price target on Regions Financial (RF) to $25 from $28 and keeps a Buy rating on the shares. The firm revised U.S. bank targets on for “through-the-cycle” valuations. Citi reduced its cost of equity assumptions to reflect early-cycle levels, but feels more comfortable anchoring to 10.5%, better reflecting through-the-cycle levels.

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