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Fly News Breaks for October 22, 2019
ZION
Oct 22, 2019 | 07:36 EDT
BMO Capital analyst Lana Chan raised her price target on Zions Bancorp to $48 after its Q3 earnings beat that was driven in part by lower expenses, also raising her FY19 and FY20 EPS view by 16c and 15c to $4.36 and $4.40. The analyst is further citing the bank's next-12-month guidance trends, including increasing total loan growth, "stable" customer related fees, and "stable" non-interest expense, but keeps her Market Perform rating, noting that the stock trades "roughly in line" with its regional bank peers on a forward expected earnings basis.
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