Morgan Stanley upgraded Zions Bancorp (ZION) to Overweight from Equal Weight with a price target of $75, up from $70. The firm expects 180 basis points of positive operating leverage for the bank in 2026, above both the company’s guidance and the 90 points consensus estimate. In addition, the stock has underperformed the group in 2026, making for an attractive entry point, the analyst tells investors in a research note.
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