Goldman upgraded Zions Bancorp to Buy with a $35 price target. The firm's analyst sees upside to efficiency targets from liquidity deployment, the addition of swaps, and further cost cutting measures. Additionally, Goldman believes energy concerns are largely reflected in valuation and rate expectations are only minimally priced in.
UBS lowered the firm's price target on Zions Bancorp to $45 from $47 and keeps a Neutral rating on the shares. While "impressed" by Zions' ability to control deposit costs in a competitive backdrop, the firm thinks the liability sensitive positioning potentially puts the bank in "a precarious spot" in a higher-for-longer rate scenario and coming out of Q1 earnings the firm says it gets the sense that the net interest income trajectory from here is "well understood by the Street."
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Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here