Market Overview

UPDATE: Jefferies Raises Target on Zions Bancorp to $20


Jefferies raises its price target on Hold-rated Zions Bancorp (NASDAQ: ZION) to $20 from $18 on improving risk profile.

Jefferies says, "We feel better about ZION's risk profile and earnings potential, but see interest income/revenue growth as challenging for the next few years. We like the longer-term story for the potentially powerful EPS inflection from higher rates, but remain Hold at this time looking for visibility of an improving trajectory. TARP payback plans are the next catalyst and we leave a 25% of TARP placeholder in our EPS."

ZION closed at $19.16 a share yesterday.

Posted-In: JefferiesAnalyst Color Price Target Reiteration Intraday Update Analyst Ratings


Related Articles (ZION)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→