Citigroup Initiates Coverage On Zions Bancorp with Buy Rating, Announces Price Target of $42
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Keith Horowitz has initiated coverage on Zions Bancorp (NASDAQ:ZION) with a Buy rating and a price target of $42.
September 29, 2023 | 11:49 am
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NEUTRAL IMPACT
Citigroup has initiated coverage on Zions Bancorp with a Buy rating and a price target of $42.
While the news is about Citigroup's analyst initiating coverage on Zions Bancorp, it doesn't directly impact Citigroup's own stock. However, it does reflect on the bank's research capabilities and could indirectly influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Zions Bancorp has been initiated with a Buy rating by Citigroup, with a price target of $42.
The initiation of coverage by Citigroup with a Buy rating is a positive signal for Zions Bancorp. The price target of $42 suggests that the analyst sees potential for the stock's price to increase. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100