Piper Jaffray Upgrades Regions Financial (RF) to Overweight
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January 19, 2016 9:01 AM EST
Compass Point maintained a Buy rating on Regions Financial (NYSE: RF), and cut the price target to $12.00 (from $12.50), following the company's 4Q earnings report. The reduction to the price target comes after an increase to the stressed loss assumptions for RF's energy portfolio. The increase has been incorporated into Compass Point's valuation methodology, as they quantify the overhang on the stock stemming from concerns over the energy portfolio.
Analyst Jesus Bueno commented, "We... More
January 15, 2016 6:00 AM EST
Regions Financial (NYSE: RF) reported Q4 EPS of $0.21, $0.01 better than the analyst estimate of $0.20. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.33 billion.
For earnings history and earnings-related data on Regions Financial (RF) click here.
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