Market Overview

D.A. Davidson Upgrades Zion from Neutral to Buy; PT Maintained $34

Share:
Related ZION
Zions Bancorp Is Restructuring… And Everyone's Happy
Benzinga's Volume Movers
Company News for June 03, 2015 - Corporate Summary (Zacks)

In a research note by D.A. Davidson Co. published Wednesday, Zion (NASDAQ: ZION) was upgraded from Neutral to Buy and the price target of $34 was left unchanged.

ZION shares are down 7.3 percent since D.A. Davidson's July 23 downgrade and analyst Gary P. Tenner said, "we think ZION shares are increasingly attractive below $29".

D.A. Davidson's $34 price target represents 20 percent upside from current levels and ZION is likely to outperform given the valuation discount, less earnings noise, and low expectations for 2014 revenue, according to Tenner.

Zion Bancorporation shares are currently trading down around 0.25 percent to $28.50.

Latest Ratings for ZION

DateFirmActionFromTo
Jun 2015Evercore PartnersUpgradesHoldBuy
Jun 2015Deutsche BankMaintainsHold
Jun 2015UBSMaintainsSell

View More Analyst Ratings for ZION
View the Latest Analyst Ratings

Posted-In: Analyst Color News Upgrades Price Target Analyst Ratings

 

Related Articles (ZION)

Around the Web, We're Loving...