BofA lowered the firm’s price target on Regions Financial (RF) to $29 from $30 and keeps a Neutral rating on the shares. The firm reduced price targets among its regional banks by 3% on average to reflect lower multiples on increased EPS uncertainty and a rising cost of equity.
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Read More on RF:
- Regions Financial price target lowered to $29 from $30 at UBS
- Regions Financial price target lowered to $29 from $31.50 at JPMorgan
- Regions Financial price target lowered to $28 from $29 at Evercore ISI
- Regions Financial price target lowered to $34 from $37 at Morgan Stanley
- Regions Financial price target lowered to $28 from $31 at Piper Sandler