Zions Bancorp's price target lowered by Wells Fargo due to policy uncertainties

From Yahoo Finance: 2025-03-29 10:25:00

Wells Fargo has lowered Zions Bancorp’s price target to $58 from $62, maintaining an Equal Weight rating on the shares in a Q1 earnings preview for large-cap banks. The firm cites bullishness on the sector due to deregulation but notes Q1 outlooks may be tricky. Estimates have been reduced by 4% for Q1 and 2% through 2027 due to policy uncertainties causing a “degree of paralysis.” Citi and JPMorgan remain top picks. Wells Fargo is more conservative in investment banking, loans, fixed asset repricing, and reserves.

Source: TheFly



Read more at Yahoo Finance: Zions Bancorp price target lowered to $58 from $62 at Wells Fargo