UPDATE: Raymond James Downgrades Zions Bancorporation on Lack of Catalysts

In a report published Tuesday, Raymond James analyst David J. Long downgraded the rating on Zions Bancorporation (NASDAQ: ZION ) from Strong Buy to Outperform, and lowered the price target from $36.00 to $32.00. In the report, Raymond James noted, “We are reducing our investment rating on shares of Zions