Information Provided By: 
Fly News Breaks for June 14, 2019
ZION
Jun 14, 2019 | 06:37 EDT
UBS analyst Brock Vandervliet kept his Neutral rating and $52 price target on Zions Bancorp but lowered his FY19 and FY20 EPS outlook by 12c and 3c to $4.42 and $4.88 respectively. The analyst says his recent meetings with the bank's management have left him more bullish on its small business lending position and technology investments, but he remains concerned over the near term about the "weaker spread revenue" across the sector.
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."
