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UPDATE: Jefferies & Company Reiterates Hold Rating, Raises PT on Regions Financial Corporation

Related RF
Wunderlich Securities Sees 3Q14 EPS Ahead Of Consensus For Regions Financial Corp.
Earnings Scheduled For October 21, 2014

In a report published Wednesday, Jefferies & Company reiterated its Hold rating on Regions Financial Corporation (NYSE: RF), and slightly raised its price target from $7.50 to $8.00.

Jefferies noted, “We increase our '13 est. by a penny (to $0.78), but leave out '14 est. at $0.75. Upside from better-than-expected expense control is capped by a still weak net interest income outlook. Earning asset growth is our primary concern as we believe RF will mix shift from securities to loans. We move our price target to $8 (from $7.50) as we believe RF deserves a slightly higher multiple given its improving track record.”

Regions Financial Corporation closed on Tuesday at $7.43.

Latest Ratings for RF

DateFirmActionFromTo
Oct 2014CitigroupMaintainsNeutral
Oct 2014Morgan StanleyMaintainsOverweight
Oct 2014BernsteinInitiates Coverage onOutperform

View More Analyst Ratings for RF
View the Latest Analyst Ratings

Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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