Argus raised the firm’s price target on Zions Bancorp to $48 from $43 and keeps a Buy rating on the shares. Regional banks are likely to face new regulations, but Zions, with $87B in assets, may fall below a potential new threshold for Federal Reserve stress tests, the analyst tells investors in a research note. Zions has also seen deposit and loan growth from the prior year, stabilizing around the $75B range, the firm added.
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