Deutsche Bank Initiates Coverage On Zions Bancorp with Hold Rating, Announces Price Target of $47
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Bernard von-Gizycki initiates coverage on Zions Bancorp (NASDAQ:ZION) with a Hold rating and a price target of $47.
April 10, 2024 | 11:15 am
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Deutsche Bank initiated coverage on Zions Bancorp with a Hold rating and set a price target of $47.
The initiation of coverage by a major bank like Deutsche Bank can bring increased attention to Zions Bancorp. However, the 'Hold' rating suggests a neutral outlook, indicating that the stock might not see significant short-term price movement. The price target of $47 provides a benchmark for investors but does not imply a strong bullish or bearish stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100