Zions Bancorp (ZION) PT Raised to $69 at DA Davidson

DA Davidson analyst Peter Winter raised the price target on Zions Bancorp (NASDAQ: ZION) to $69.00 (from $66.00) while maintaining a Buy rating.

The analyst commented: "The solid revenue growth and positive outlook, was somewhat tempered by another quarter of large increases in criticized & classified loans, principally in CRE. Mgmt believes leading credit metrics are close to peaking and more importantly they expect the loss content to be low.Given more confidence DDA migration is slowing and the forward curve forecasting less rate cuts, mgmt is forecasting stronger NII growth. Maintain BUY and increasing our PT to $69 (was $66) as we increased our 2026 EPS forecast by $0.13 to $5.74. Our $69 PT=target P/E multiple of 12.5X our '26 EPS forecast, discounted by 5%."

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