Regions Financial price target raised to $31 from $29 at RBC Capital

RBC Capital raised the firm’s price target on Regions Financial (RF) to $31 from $29 and keeps an Outperform rating on the shares after its Q1 earnings beat. The company’s fundamentals remain solid, and its EPS growth confirmed that Regions is delivering on its strategic-growth plan, the analyst tells investors in a research note. Regions remains well capitalized with a CET1 ratio of 10.7% and will continue to explore alternatives for its excess capital, but the focus will likely be on share repurchases and growing its dividend in 2028, RBC added.