Keefe Bruyette raised the firm’s price target on Regions Financial (RF) to $31 from $30 and keeps an Outperform rating on the shares. The firm updated its estimates following recent conference updates and management meetings.
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Read More on RF:
- Regions Financial reduces prime lending rate to 6.75% from 7.00%
- Regions Financial sees ‘elevated’ charge offs, ‘strong finish’ this quarter
- Regions Financial announces $3B stock repurchase program
- Regions Financial management to meet virtually with Piper Sandler
- Strategic Advancements and Growth Potential Drive Buy Rating for Regions Financial