Truist analyst Jennifer Demba raised the firm’s price target on Regions Financial to $27 from $24 and keeps a Buy rating on the shares after its Q4 earnings beat. The company remains in the early innings of its growth in several business lines, has more downside rate protection than its peer group, and is also very focused on expense control, the analyst tells investors in a research note. Demba adds that Regions’ lending discipline should become more evident as credit costs normalize for the industry.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on RF:
- Regions Financial sees FY23 adjusted non-interest expense up 4.5%-5.5%
- Regions Financial sees FY23 adjusted revenue up 8%-10% y/y, consensus $7.76B
- Regions Financial reports Q4 EPS 70c, consensus 65c
- Notable companies reporting before tomorrow’s open
- Regions Financial downgraded to Neutral from Buy at UBS
