Market Overview

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

Related ZION
Westamerica Troubled by Margin Pressure - Analyst Blog
Balanced View On Zions - Analyst Blog
Wall Street Poised to Cap Turbulent Week with Gains (Fox Business)

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.

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

 

Most Popular

Related Articles (ZION)

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free