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Fly News Breaks for April 19, 2017
RF
Apr 19, 2017 | 06:03 EDT
Evercore Financial analyst John Pancari downgraded Regions Financial to In Line from Outperform and lowered its price target to $15 from $17 citing limit upside to valuation given mounting earnings headwinds. The analyst said he came away from Q1 results incrementally cautious on balance sheet growth due to select loan run-off, credit noise in the quarter adds uncertainty to the outlook for losses, and management's reluctance to address expenses further.
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