UPDATE: D.A. Davidson Downgrades Zions Bancorporation Following 2Q Results
July 23, 2013 at 09:11 AM EDT
In a report published Tuesday, D.A. Davidson analyst Gary P. Tenner downgraded Zions Bancorporation (NASDAQ: ZION ) from Buy to Neutral, and lowered the price target from $37.00 to $32.00. In the report, D.A. Davidson noted, “ZION's NIM was flat at 3.44%, benefitting 8bp from better performance of FDIC-covered loans, which
