Barclays Maintains Underweight on Zions Bancorp, Raises Price Target to $47
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Jason Goldberg has maintained an Underweight rating on Zions Bancorp (NASDAQ:ZION) but increased the price target from $35 to $47.

January 02, 2024 | 12:26 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Barclays has maintained an Underweight rating on Zions Bancorp but raised the price target from $35 to $47, indicating a potential downside risk but a higher valuation than previously estimated.
The Underweight rating suggests that Barclays believes Zions Bancorp's stock may underperform the sector or the broader market. However, the increase in the price target from $35 to $47 indicates that Barclays sees some improved valuation metrics or potential in Zions Bancorp, albeit not enough to change the overall negative stance. This mixed signal could lead to short-term uncertainty among investors, potentially exerting downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100