TD Cowen raised the firm's price target on Renasant to $45 from $44 and keeps a Buy rating on the shares. The firm said Q1 EPS beat on expense discipline with another quarter of 1.3% ROA and 16% ROTCE. They see clearer visibility to sustained roughly 15% ROTCE versus 10% a year ago, driven by strong cost execution and increased prospects for revenue upside, alongside increased buybacks as an additional support.
