UBS Raises Zions Bancorp Price Target to $58 Amid Anticipated Lending Growth.

UBS has increased its price target for Zions Bancorp (ZION) from $54 to $58 and maintained a Neutral stance on the stock. The firm expects mid-cap banks with strong capital positions and high growth to benefit from a resurgence in commercial lending. Based on 18 analyst estimates, the average target price for ZION is $53.75, implying a 3.24% downside from the current price. The average brokerage recommendation is 2.9, indicating a "Hold" status. The estimated GF Value for ZION in one year is $51.36, suggesting a 7.54% downside from the current price.

UBS Group has increased its price target for Zions Bancorp (ZION) from $54 to $58, maintaining a Neutral stance on the stock. The brokerage expects mid-cap banks with strong capital positions and high growth to benefit from a resurgence in commercial lending. According to 18 analyst estimates, the average target price for ZION is $53.75, implying a 3.24% downside from the current price. The average brokerage recommendation is 2.9, indicating a "Hold" status. The estimated GF Value for ZION in one year is $51.36, suggesting a 7.54% downside from the current price [1].

References:
[1] https://www.tipranks.com/news/the-fly/zions-bancorp-price-target-raised-to-57-from-52-at-truist-thefly