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Fly News Breaks for February 10, 2020
ZION
Feb 10, 2020 | 05:01 EDT
RBC Capital analyst Jon Arfstrom downgraded Zions Bancorp to Sector Perform from Outperform with a price target of $48, down from $54. While the company's fundamental trends remain "healthy," its near term growth expectations are more modest relative to recommended peers, Arfstrom tells investors in a research note. Given the economic tailwinds and overall environment, his preference is for names with either "stronger near term growth aspirations or other earnings levers."
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."
