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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."
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