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Fly News Breaks for August 16, 2017
ZION
Aug 16, 2017 | 06:31 EDT
BofA/Merrill analyst Erika Najarian upgraded Zions Bancorp to Buy and increased its price target to $52 from $50 following an "upbeat" management meeting. The analyst believes investors are discounting two catalysts for earnings upside including benefits from regulatory reform for regionals and continued improvement in expense management. Additionally, he expects large short interest in shares to be a tailwind.
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."
