By: Benzinga
UPDATE: BMO Capital Markets Initiates Zions Bancorporation with Outperform Rating on Earnings Power
In a report published Wednesday, BMO Capital Markets initiated coverage on Zions Bancorporation (NASDAQ: ZION ) with an Outperform rating and $30.00 price target. BMO Capital Markets noted, “While rates are not poised to rise anytime soon, Zions does not even need a rate hike for the margin to recover;
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