WS #15330
TD Cowen analyst Janet Lee has systematically lowered price targets for several regional banks, including SouthState, Renasant, Pinnacle Financial Partners, and Old National Bancorp, while maintaining buy or hold ratings. This broad-based adjustment suggests underlying concerns about credit quality, net interest margin compression, or economic slowdown impacts on the regional banking sector. The move contrasts with the broader market's focus on tech and energy, highlighting sector-specific risks.
Regional Bank Credit Concerns
TD Cowen analyst Janet Lee has systematically lowered price targets for several regional banks, including SouthState, Renasant, Pinnacle Financial Partners, and Old National Bancorp, while maintaining buy or hold ratings. This broad-based adjustment suggests underlying concerns about credit quality, net interest margin compression, or economic slowdown impacts on the regional banking sector. The move contrasts with the broader market's focus on tech and energy, highlighting sector-specific risks.