UMB Financial price target raised to $156 from $154 at Morgan Stanley

Morgan Stanley raised the firm’s price target on UMB Financial (UMBF) to $156 from $154 and keeps an Overweight rating on the shares. The firm is increasing price targets by a median 8% across the midcap banks group. While noting that recent outperformance means “the bar is higher from here,” the firm remains optimistic on the group, citing tailwinds from loan growth, net interest margin and capital return.