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Fly News Breaks for November 7, 2019
ZION
Nov 7, 2019 | 07:52 EDT
DA Davidson analyst Gary Tenner downgraded Zions Bancorp to Neutral from Buy with a $54 price target. The analyst notes that while the stock rallied 16% over the past 30 days vs. 10% for regional bank peers, he continues to see the bank being challenged on revenue front, with little net interest income growth projected through 2021. Tenner believes that the shares are "fairly valued" at current levels.
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."
