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Fly News Breaks for December 1, 2016
ZION
Dec 1, 2016 | 07:24 EDT
As previously reported, Susquehanna downgraded Zions Bancorp to Neutral from Positive and raised its price target to $39 from $36. Analyst Jack Micenko changed his view due to valuation and said most of the optimism around economic growth, higher rates, reduced regulation, and lower taxes is reflected in shares.
News For ZION From the Last 2 Days
ZION
Apr 23, 2024 | 07:15 EDT
ZION
Apr 23, 2024 | 06:46 EDT
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."
