Jefferies Downgrades Zions Bancorp to Hold, Lowers Price Target to $30
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Ken Usdin has downgraded Zions Bancorp (NASDAQ:ZION) from Buy to Hold and lowered the price target from $37 to $30.
July 11, 2023 | 9:01 am
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Zions Bancorp has been downgraded from Buy to Hold by Jefferies, with a lowered price target from $37 to $30.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for Zions Bancorp. The lowered price target from $37 to $30 suggests that the analyst believes the stock is currently overvalued. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100