JPMorgan downgraded Zions Bancorp to Neutral from Overweight with a price target of $38, up from $34. From the current valuation and with Zions’ deposit story “now on more stable footing,” the stock’s upside potential is in the range of peers, the analyst tells investors in a research note. The firm views Zions as more fairly valued following the recent bounce in the shares.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ZION:
- Zions Bancorp price target raised to $42 from $32 at Truist
- Early notable gainers among liquid option names on July 20th
- Zions Bancorp price target raised to $38 from $30 at Wedbush
- Zions Bancorp price target raised to $38 from $35 at Stephens
- Zions Bancorp price target raised to $37 from $32 at RBC Capital