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EPS risk moves Zions Bancorp (ZION) to Underweight at J.P. Morgan

January 25, 2023 8:11 AM EST

J.P. Morgan downgraded Zions Bancorp (NASDAQ: ZION) to an Underweight rating (from Neutral) and cut the price target on the stock to $46.00 (from $49.00) as analyst Steven Alexopoulos sees the banking company as being at risk of seeing negative EPS revisions in coming quarters.

Alexopoulos... More