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Fly News Breaks for January 6, 2020
Jan 6, 2020 | 07:10 EDT
Goldman Sachs analyst Ryan Nash removed Regions Financial from his firm's Conviction Buy List while keeping a Buy rating on the shares. The analyst also raised his price target for the shares to $19.50 from $18.50. Near-term headwinds to Regions' loan growth and net interest income will likely cause its revenue growth to trail peers and limit its near-term operating leverage over the next few quarters, Nash tells investors in a research note. However, once we get through the first half of 2020 and the bank laps tougher margin comps, it should begin to see NII growing on a year-over-year basis, adds the analyst.
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