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Fly News Breaks for February 4, 2019
RF
Feb 4, 2019 | 07:51 EDT
As previously reported, Wedbush analyst Peter Winter downgraded Regions Financial to Neutral from Outperform, with a $17 price target, based on valuation and some fading catalysts. Deposit betas are going to move more in-line with peers versus no longer lagging peers to stay competitive, capital return will slow in 2019 and beyond and Regions Financial is more levered to the 10-treasury yield than peers, which has been under pressure, he contends. The analyst notes that these fading catalysts are not new, but will have an impact on earnings on 2019.
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