Truist analyst David Smith raised the firm’s price target on Zions Bancorp (ZION) to $63 from $61 and keeps a Hold rating on the shares as part of a broader research note updating the firm’s model on Capital Markets / Regional Banks names reporting results. The firm is boosting its estimates for the company to reflect stronger fees, though this was slightly offset by lower net interest income, the analyst tells investors in a research note.
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