Regions Financial price target raised to $21 from $20 at Piper Sandler

Piper Sandler raised the firm’s price target on Regions Financial to $21 from $20 and keeps a Neutral rating on the shares. The Q1 results from the Midwest banks contained no major surprises, and they are “hopefully nearing a positive” net interest income inflection, the analyst tells investors in a research note. Despite the fluid rate environment, managements broadly reiterated NII guides, says Piper.