Goldman Sachs Maintains Neutral on Zions Bancorp, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Ryan Nash maintains a Neutral rating on Zions Bancorp (NASDAQ:ZION) and lowers the price target from $40 to $36.
May 19, 2023 | 12:16 pm
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NEUTRAL IMPACT
Goldman Sachs analyst Ryan Nash maintains a Neutral rating on Zions Bancorp and lowers the price target from $40 to $36.
Goldman Sachs' decision to maintain a Neutral rating on Zions Bancorp indicates that the bank's outlook remains unchanged. However, the lowered price target from $40 to $36 suggests that the analyst believes there is limited upside potential for the stock in the short term. This news may not have a significant impact on the stock price, as the rating remains unchanged, but it could cause some investors to reevaluate their positions.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100