RBC Capital analyst Jon Arfstrom raised the firm’s price target on UMB Financial (UMBF) to $134 from $128 and keeps an Outperform rating on the shares. The firm adjusted regional bank targets as part of a Q4 preview. RBC sees bank outlooks as “relatively stable” from Q3 earnings. It remains “constructive” on regional bank fundamentals heading into earnings, seeing strengthening loan and revenue growth as key drivers.
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