Short Term Price Target on Zions Bancorporation (ZION)

Zions Bancorporation (NASDAQ:ZION) : The highest level Zions Bancorporation (NASDAQ:ZION) is projected to reach is $36 for the short term and the lowest estimate is at $22. The consolidated price target from 19 rating analysts who initiate coverage on the stock is $30.53 and the possibility the share price can swing is $3.22.

Zions Bancorporation has lost 10.76% in the last five trading days and dropped 11.48% in the last 4 weeks. Zions Bancorporation is up 4.21% in the last 3-month period. Year-to-Date the stock performance stands at -7.47%. Also, Equity Analysts at the Susquehanna upgrades the rating on Zions Bancorporation (NASDAQ:ZION). The brokerage firm has issued a Positive rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 7, 2016.

Zions Bancorporation (NASDAQ:ZION) : The consensus on Zions Bancorporation (NASDAQ:ZION) based on 20 analyst recommendation on the company stock is 2.13, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Zions Bancorporation (NASDAQ:ZION).

Zions Bancorporation (NASDAQ:ZION): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.29 and $24.85 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.13, notching a gain of 0.56% for the day. The total traded volume was 6,933,986 . The stock had closed at $24.99 on the previous day.

Zions Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31, 2014. The Company provides banking and related services through its banking and other subsidiaries, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming. The Company focuses on providing community banking services by its core business lines of small and medium-sized business and corporate banking; commercial and residential development construction and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending; trust and wealth management; limited capital markets activities, including municipal finance advisory and underwriting, and investment activities.

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