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Fly News Breaks for September 12, 2019
ZION
Sep 12, 2019 | 07:18 EDT
SunTrust analyst Jennifer Demba lowered her price target on Zions Bancorp to $50 after the company reduced its net interest income expectations over the coming 12 months to "slightly decreasing" from "stable" at the Barclays conference earlier this week. The analyst also lowers her FY19 and FY20 EPS views by 3c and 12c to $4.27 and $4.47 respectively but keeps her Buy rating on the stock, saying that better expense control by Zions management should help offset the reductions.
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."
