Zions Bancorp price target raised to $40 from $34 at Truist

Truist raised the firm’s price target on Zions Bancorp to $40 from $34 and keeps a Buy rating on the shares. The firm remains positive on Zions Bancorp shares following meetings with management last week, as deposit pressures continue to ease along with securities run off that should support the NIM, the analyst tells investors in a research note. Expenses will likely continue to see some pressure from tech spending, but capital build should improve from less balance sheet growth, the firm adds.