Jefferies Thoughts from Regions Financial (RF) NDR

Jefferies analyst Ken Usdin reiterated a Buy rating and $25.00 price target on Regions Financial (NYSE: RF) after hosting meetings with the company's CFO/Treasurer.

The analyst stated "Mgmt. sees a solid economic backdrop in its SE/TX footprint, while being mindful of Delta variant risks. We update our model for recent slide deck disclosures, including a tiny tweak lower to 2H core NIM (~3.30%, mostly on loan mix), flattish mortgage production fees (better), and EnerBank costs of $30mm-$35mm/qtr. Like other banks, RF expects core loan growth in 2H, but awaits a bigger inflection."

For an analyst ratings summary and ratings history on Regions Financial click here. For more ratings news on Regions Financial click here.

Shares of Regions Financial closed at $20.93 yesterday.

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