Regions Financial price target raised to $29 from $25 at DA Davidson

DA Davidson raised the firm’s price target on Regions Financial (RF) to $29 from $25 and keeps a Buy rating on the shares. While Regions was cautious on the economic environment and lowered its revenue guidance coming out of Q1 earnings, as sentiment improved and Regions reported solid Q2 results, management raised its revenue forecast, the analyst tells investors in a research note.