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Fly News Breaks for November 7, 2018
ZION
Nov 7, 2018 | 06:05 EDT
Piper Jaffray analyst Kevin Barker upgraded Zions Bancorp to Overweight and raised his price target for the shares to $57 from $54. The analyst "became incrementally more positive" following Zion's "impressive" Q3 results. He sees the current price as an attractive entry point given the company's "strong deposit base, outsized capital base and potential upside to asset yields."
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."
