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Evercore ISI Group Downgrades Zions Bancorp to Underperform, Lowers Price Target to $68
Evercore ISI Group analyst John Pancari downgrades Zions Bancorp (NASDAQ:ZION) from In-Line to Underperform and lowers the price target from $74 to $68.
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Morgan Stanley Downgrades Zions Bancorp to Underweight, Maintains Price Target to $77
Shares of banks and insurance companies are trading lower after the Treasury Department’s announcement that it would more than double the size of liquidity-support buyback operations for longer-dated bonds, which will serve to flatten the yield curve and pressure bank margins.
Reported Earlier, Zions Bancorporation Approves $75M Share Repurchase For Q3 2026, Part Of $300M 2026 Target, Raises Common Dividend By $0.03 To $0.48 Per Share