Truist analyst Brandon King raised the firm’s price target on Zions Bancorp to $42 from $32 and keeps a Buy rating on the shares after its Q2 results. The firm is raising its FY23 EPS view to $4.63 from $4.28 on higher near term net interest income and lower core expenses, the analyst tells investors in a research note. Zions’ credit quality also remains pristine, and Truist continues to forecast credit losses below peers through 2024, the firm adds.
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