Stephens raised the firm’s price target on Zions Bancorp to $48 from $46 and keeps an Equal Weight rating on the shares. Zions reported a solid Q4 earnings beat and a positive 2024 outlook relative to consensus, as the company’s balance sheet is positioned for lower short-term interest rates, the analyst tells investors in a research note. The firm increased estimates post the results.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ZION:
- Zions Bancorporation, National Association Reports Fourth Quarter Financial Results
- Options Volatility and Implied Earnings Moves Today, January 22, 2024
- ZION Upcoming Earnings Report: What to Expect?
- Zions Bancorp downgraded to Neutral from Buy at Compass Point
- Zions Bancorp downgraded to Hold from Buy at Truist
