As previously reported, Argus upgraded Zions Bancorp (ZION) to Buy from Hold with a $55 price target Regional bank shares have been under pressure due to uncertain macroeconomic conditions and tariff policies and Zions shares are trading at 9-times the firm’s 2025 estimate, which is below the current levels of their peer group, the analyst tells investors. While regional banks are likely to face new regulations, Zions, with $88B in assets, will likely fall below a potential new threshold for Federal Reserve stress tests, notes the analyst, who believes that the shares are currently undervalued and deserve a higher multiple.
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Read More on ZION:
- Zions Bancorp upgraded to Buy from Hold at Argus
- Zions Bancorp Earnings Call: Mixed Sentiments and Future Outlook
- Zions Bancorp price target lowered to $55 from $58 at Baird
- Zions Bancorp price target lowered to $52 from $54 at Stephens
- Zions Bancorporation: Hold Rating Amid Earnings Beat and Macroeconomic Uncertainties
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