Zions Bancorp price target raised to $68 from $64 at RBC Capital

RBC Capital raised the firm’s price target on Zions Bancorp (ZION) to $68 from $64 and keeps a Sector Perform rating on the shares after its Q4 earnings beat. The company’s fundamentals were driven by modest loan growth, healthy fee and expense trends, and solid asset quality, the analyst tells investors in a research note. RBC adds that it appreciates the expected building net interest income momentum over the next year, along with the expectation for decent positive operating leverage for Zions.