What To Know About JP Morgan's Downgrade of Zions Bancorp

JP Morgan downgraded its rating of Zions Bancorp ZION to Underweight with a price target of $46.00, changing its price target from $49.00 to $46.00.

Shares of Zions Bancorp are trading down 2.25% over the last 24 hours, at $50.60 per share.

A move to $46.00 would account for a 9.1% decrease from the current share price.

About Zions Bancorp

Zions Bancorporation is a regional U.S. bank with core operations that span 11 states. The bank is headquartered in Salt Lake City and does business primarily in the Western and Southwestern United States. Zions primarily focuses on providing banking services to small and midsize businesses, with the majority of its loans focused on commercial and commercial real estate lending.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.