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Fly News Breaks for January 23, 2018
ZION
Jan 23, 2018 | 09:22 EDT
RBC Capital analyst Jon Arfstrom raised his price target on Zions Bancorp to $60 after a Q4 earnings beat, saying the "fundamental trends were solid" with a stable margin, strong loan growth, declining expenses, and strong credit quality. Arfstrom keeps his Outperform rating on Zions, noting that the bank has a "positive earnings growth outlook".
News For ZION From the Last 2 Days
ZION
Apr 25, 2024 | 07:20 EDT
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."
