D.A. Davidson downgrades Regions Financial, flags softer revenue trends
BUZZ-D.A. Davidson downgrades Regions Financial, flags softer revenue trends ** D.A. Davidson downgrades Regions Financial RF.N to "neutral" from "buy", cuts PT to $33 from $35
** New PT still represents a 9% upside to the stock's last close
** Brokerage says the regional bank is starting to run into revenue headwinds from weak capital-markets activity and softer fee-income growth, with real estate capital markets under pressure from elevated rates
** Adds that mid-quarter update included some softness in revenue trends and that it could lower its revenue guidance when they report 2Q earnings
** Seven of 22 analysts rate stock "strong buy" or "buy", 11 "hold" and four "sell" or "strong sell"; their median PT is $30.5 - data compiled by LSEG
** Including session's move, stock up 12.2% YTD
(Reporting by Pragyan Kalita in Bengaluru)
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