Truist raised the firm’s price target on Regions Financial (RF) to $30 from $28 and keeps a Hold rating on the shares as part of a broader research note updating the firm’s models on Regional Banks following Q1 results. The firm is bumping up its price targets as recession risks recede and the cost of equity comes down, the analyst tells investors in a research note. For the company, Truist also notes that Regions looked better than average vs. regional peers on both deposits and loans.
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