Zions Bancorp price target raised to $69 from $66 at DA Davidson

DA Davidson raised the firm’s price target on Zions Bancorp (ZION) to $69 from $66 and keeps a Buy rating on the shares. The company’s solid revenue growth and positive outlook was somewhat tempered by another quarter of large increases in criticized and classified loans, principally in commercial real estate, though the management believes that leading credit metrics are close to peaking and expect the loss content to be low, the analyst tells investors in a research note.