Truist raised the firm’s price target on Zions Bancorp (ZION) to $57 from $52 and keeps a Hold rating on the shares after its Q3 earnings beat. The firm also forecasts the bank’s net interest income increasing sequentially beyond Q1 as continued asset repricing and lower funding costs benefit its net interest margin, the analyst tells investors in a research note.
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Read More on ZION:
- Zions Bancorp price target raised to $57 from $55 at RBC Capital
- Zions Bancorp price target raised to $55 from $52 at Baird
- Zions Bancorp price target raised to $56 from $54 at Morgan Stanley
- Zions Bancorp price target raised to $55 from $53 at Stephens
- Zions Bancorp price target raised to $54 from $50 at Wells Fargo
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