BofA lowered the firm’s price target on Zions Bancorp (ZION) to $63 from $64 and keeps a Neutral rating on the shares. The firm reduced price targets among its regional banks by 3% on average to reflect lower multiples on increased EPS uncertainty and a rising cost of equity.
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Read More on ZION:
- Zions Bancorp price target lowered to $63 from $68 at Evercore ISI
- Zions Bancorp price target lowered to $62 from $65 at Piper Sandler
- Zions Bancorp price target lowered to $62 from $68 at JPMorgan
- Zions Bancorp price target lowered to $68 from $75 at Morgan Stanley
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