Regions Financial price target raised to $23 from $21 at Truist

Truist raised the firm’s price target on Regions Financial to $23 from $21 and keeps a Hold rating on the shares as part of a broader research note recapping Q2 results for Community and Regional Banks. The bank’s net interest income trajectory remains relatively intact despite the softer loan growth outlook, though the firm is also assuming a more conservative cumulative deposit beta on the downside of 31% compared to the management’s expectations of mid-30%, the analyst tells investors in a research note.