Goldman Sachs upgraded Zions Bancorp (ZION) to Buy from Neutral with a $71 price target which represents 30% upside to shares. The firm believes Zions is well positioned for the next part of the cycle given its potential for net interest margin expansion as it re-prices deposits lower and benefits from fixed rate asset re-pricing. The bank should be a beneficiary from a pick up in commercial loan growth and given the recent move in rates, it should benefit from having a slightly asset sensitive balance sheet, the analyst tells investors in a research note. Goldman expects Zions to post positive operating leverage in 2025, helping drive operating efficiency and return improvement.
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>>
Read More on ZION:
- Zions Bancorp price target raised to $59 from $52 at Barclays
- Zions Bancorp assumed with a Neutral at UBS
- Zions Bancorp price target raised to $65 from $57 at JPMorgan
- Trump Trade: Smaller, mid-size brands seen as most impacted by China tariffs
- Zions Bancorp price target raised to $66 from $54 at Compass Point