Keefe, Bruyette & Woods Reiterates Market Perform Rating on Zions Bancorp (ZION)

Keefe, Bruyette & Woods analyst Christopher McGratty reiterated a Market Perform rating and $75.00 price target on Zions Bancorp (NASDAQ: ZION).

The analyst commented: "Today's full c-suite meetings with ZION underscored a commitment to positive operating leverage, disciplined risk- adjusted growth, and building capital flexibility. With this, the stock trades spot in-line with SMID-cap peers with $50-$100B- in-assets (both 10.0x our 2027E), though we see an opportunity for valuation improvement over time as the company narrows the expected ROTCE gap to peers (13.2% vs. 16.1%, both 2027E). Our refreshed bull/bear (below) points to a fairly balanced risk/ reward and continues to support our Market Perform rating."

For an analyst ratings summary and ratings history on Zions Bancorp click here. For more ratings news on Zions Bancorp click here.

Shares of Zions Bancorp closed at $67.87 yesterday.

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