Truist analyst Brandon King downgraded Regions Financial to Hold from Buy with a price target of $20, down from $21.
Published first on TheFly
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- Regions Financial price target lowered to $20 from $25 at Citi
- Regions Financial sees FY23 adjusted revenue up 6%-8% y/y, consensus $7.77B
- Regions Financial sees Q2 NII down 1.5%-3.5%, FY23 NII growth 12%-14%
- Regions Financial reports Q1 net interest margin up 23 bps to 4.22%
- Regions Financial maintains a solid capital position