Morgan Stanley analyst Betsy Graseck raised the firm’s price target on Regions Financial to $28 from $25 and keeps an Overweight rating on the shares. All large cap banks beat the firm’s EPS estimates, mostly on provisions and revenues and some on expenses, notes the analyst, who is boosting FY25 EPS forecasts by a median 2% and reiterates an Attractive industry view in a Q2 earnings recap for big bank group.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RF:
- Regions Financial call volume above normal and directionally bullish
- Regions Financial price target raised to $25 from $23 at Citi
- Regions Financial price target raised to $23 from $21 at RBC Capital
- Regions Financial price target raised to $23 from $21 at Truist
- Regions Financial price target raised to $25 from $22 at BofA