Truist Securities Downgrades Zions Bancorp to Hold, Announces $46 Price Target
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jennifer Demba downgraded Zions Bancorp (NASDAQ:ZION) from Buy to Hold and set a price target of $46.
January 05, 2024 | 2:40 pm
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NEGATIVE IMPACT
Zions Bancorp was downgraded by Truist Securities from Buy to Hold with a new price target of $46.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock's price. The new price target of $46 may also influence market expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100