DA Davidson raised the firm’s price target on Regions Financial (RF) to $29 from $27 and keeps a Buy rating on the shares after its Q3 results. The quarter was highlighted by strong revenue growth and improvement in leading credit metrics, and given the strong revenue trends, Regions has raised its FY24 net interest income and fee income guidance, the analyst tells investors in a research note. Regions also expects the revenue growth to continue into 2025 while managing expenses and is committed to delivering positive operating leverage in 2025, the firm added.
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