As previously reported, Sandler O'Neill analyst Stephen Scouten upgraded Regions Financial to Buy from Hold with the stock having declined over 16% since Tuesday's Fed commentary, which he views as overdone. Scouten does not believe there is more than 3%-5% of potential downside to 2021 numbers if there are not a couple of Fed rate reductions in 2020. He also continues to think Regions can slowly grow loans, maintain the NIM in the current range and deliver positive operating leverage in the coming years, he tells investors. He has a $17 price target on Regions shares.