UMB Financial price target raised to $154 from $120 at Morgan Stanley

Morgan Stanley raised the firm’s price target on UMB Financial (UMBF) to $154 from $120 and keeps an Overweight rating on the shares. A steepening yield curve with lower short end rates is “an ideal backdrop for Midcap Banks,” says the analyst, who is upgrading the industry view to Attractive. The midcap banks group has underperformed year-to-date, setting up “a compelling buying opportunity,” the analyst tells investors.