BofA analyst Brandon Berman raised the firm’s price target on UMB Financial (UMBF) to $124 from $112 and keeps a Buy rating on the shares. The firm adjusted regional bank price targets as part of a Q2 earnings preview. A lack of interest rate cuts delay a rebound in growth, but “resilient” earnings, an acceleration in loan growth, and investment banking activity server as catalysts for the stocks, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UMBF:
- UMB Financial price target raised to $128 from $120 at Truist
- UMB Financial price target raised to $140 from $130 at Barclays
- UMB Financial price target raised to $120 from $112 at Morgan Stanley
- UMB Financial price target lowered to $135 from $137 at Piper Sandler
- UMB Financial Issues New Preferred Stock Series B