Fly News Breaks for June 2, 2015
ZION
Jun 2, 2015 | 07:22 EDT
After Zions announced a corporate restructuring, along with expense saving and revenue growth initiatives, RBC Capital thinks the moves should significantly improve its return on tangible common equity over time. The firm believes that the company has significant positive operating leverage going forward, and it increased its price target on the name to $32 from $30 while maintaining an Outperform rating.
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