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Fly News Breaks for December 10, 2018
RF
Dec 10, 2018 | 06:26 EDT
Nomura Instinet analyst Bill Carcache downgraded Regions Financial to Reduce from Neutral and lowered his price target for the shares to $14 from $17. Accelerating commercial and industrial loan losses with drive negative earnings revisions and the shares to underperform regional peers, Carcache tells investors in a research note. He believes Regions growing C&I loans at rates above the industry will bring greater than expected loan losses.
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