Wells Fargo analyst Timur Braziler raised the firm’s price target on UMB Financial (UMBF) to $110 from $105 and keeps an Equal Weight rating on the shares. The firm notes results were better than the stock reaction indicated, but that’s likely to be the dynamic for at least one more quarter until there’s greater visibility for a core EPS run-rate. Wells sees long-term upside potential, but lacking near-term catalysts.
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