Analyst Keith Horowitz the stock with a buy rating. His price target of $42 implies 23.7% upside from Thursday's close.
Following the failure of Silicon Valley Bank, Zions got caught in a broader panic among regional banks, which led to deposit outflows and funding pressures. From Dec. 31, 2022 to Mar. 31, 2023, the bank's core deposits fell by nearly 10% to about $64 billion, according to Citi. Things seem to be turning around for Zions, though.
has been impacted by deposit outflows, but we find that 's reliance on broker deposits.
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