Zions Bancorp price target lowered to $57 from $63 at UBS

UBS lowered the firm’s price target on Zions Bancorp (ZION) to $57 from $63 and keeps a Neutral rating on the shares. Zions’ pre-EPS charge-off disclosure caused industry-wide credit concerns, but strong credit quality, solid PPNR trends, and better-than-expected margin, fee income, and deposit results helped ease worries, the analyst tells investors in a research note. Management described the credit loss as an isolated event, with limited non-depository financial institution lending growth providing further reassurance. Attention now turns to the upcoming third-party credit review, FY26 operating leverage outlook, and deposit trends influencing long-term NIM, the firm says.