Truist analyst Brian Foran lowered the firm’s price target on Regions Financial (RF) to $28 from $29 and keeps a Hold rating on the shares as part of a broader research note on Financials. The firm is updating its models to incorporate the higher cost of equity and thus lower-than-historical multiples that the market is ascribing, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RF:
- Regions Financial management to meet with Cantor Fitzgerald
- The Week That Was, The Week Ahead: Macro and Markets, Mar. 1
- Regions Financial Highlights Growth Strategy in Investor Presentations
- Regions Financial price target raised to $31.50 from $29 at JPMorgan
- Regions Financial Expands Stockholder Rights With Bylaw Changes