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.
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Read More on RF:
- Regions Financial price target raised to $28 from $22 at RBC Capital
- Regions Financial price target raised to $29 from $24 at Stephens
- Regions Financial price target raised to $27 from $24 at Barclays
- Balanced Outlook for Regions Financial: Strong NIM and NII Growth Amid C&I Loan Challenges Justifies Hold Rating
- Regions Financial price target raised to $30 from $29 at Keefe Bruyette