Reported 3 days ago
Wells Fargo analyst Mike Mayo has decreased the price target for Regions Financial (RF) from $28 to $26 while maintaining an Equal Weight rating on the shares. This revision is part of a cautious Q1 earnings preview due to policy uncertainties impacting investment banking and loan forecasts. Despite a bullish long-term outlook for the sector, Wells Fargo has lowered its estimates by 4% for Q1 and 2% for the next several years.
Source: YAHOO