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Fly News Breaks for July 23, 2019
ZION
Jul 23, 2019 | 04:52 EDT
Keefe Bruyette analyst Brian Klock downgraded Zions Bancorp to Market Perform from Outperform and lowered his price target for the shares to $47 from $52. The analyst cites an "uncertain" net investment income outlook for the downgrade following Zions' Q2 results. He lowered his estimates following the miss.
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."
