Wells Fargo analyst Mike Mayo raised the firm’s price target on Zions Bancorp (ZION) to $58 from $47 and keeps an Equal Weight rating on the shares. The firm notes Zions posted a solid Q2 beat with solid operating leverage and credit. Management seems more optimistic about potential growth in its outlook and guided for continued loan growth and pos op leverage.
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Read More on ZION:
- Zions Bancorporation: Balancing Positive Trends with Future Challenges – Hold Recommendation
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