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Fly News Breaks for February 16, 2017
RF
Feb 16, 2017 | 06:21 EDT
SunTrust analyst Jennifer Demba upgraded Regions Financial to Buy and increased its price target to $19 from $15. Demba commented that the significant cultural transformation over the last few years appears to be underappreciated. The analyst expects the P/TBV discount to narrow as profitability improves and outsized capital returns continue. She expects management's prudent lending decisions to result in 12%-14% ROTCE by 2018 and improve investor sentiment.
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