Evercore ISI analyst John Pancari downgraded Zions Bancorp (ZION) to In Line from Outperform with an unchanged price target of $65. The firm is “incrementally constructive” on the regional banks heading into 2026. Regional bank fundamentals are “poised to strengthen” as sales growth accelerates and earnings growth nears double digits, the analyst tells investors in a research note. Evercore cites a lack of near-term fundamental catalysts for the downgrade of Zions. The stock’s valuation adequately reflects the bank’s fundamental outlook, contends the firm.
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