Raymond James analyst Michael Rose lowered the firm’s price target on United Community Banks (UCB) to $32 from $37 and keeps an Outperform rating on the shares. The price target reduction reflects a shift in the close of the acquisition of ANB Holdings to May 1 from June 30, the analyst tells investors in a research note. The firm continues to view risk-reward positively and expects the company will reap the benefits of the coming de-regulatory environment via a series of M&A transactions in coming years.
Don’t Miss TipRanks’ Half-Year Sale
- 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 UCB: