RBC Capital raised the firm’s price target on Zions Bancorp (ZION) to $63 from $61 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The company’s core trends were solid, with modestly stronger margin and net interest income trends, along with continued strength in capital markets driving favorable revenue dynamics, the analyst tells investors in a research note. The longer-term credit picture should be manageable given the company’s conservative nature, the firm added.
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Read More on ZION:
- Zions Bancorp price target raised to $69 from $66 at DA Davidson
- Zions Bancorp price target raised to $64 from $62 at Stephens
- Zions Bancorp price target raised to $70 from $65 at Keefe Bruyette
- Zions Bancorp price target raised to $61 from $59 at Barclays
- Zions Bancorporation Reports Strong Q4 Earnings Growth
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